Rising natural gas prices to increase use of coal, renewables in 2014

Money-large

U.S. coal use is expected to increase 4.1 percent in 2014 as natural gas prices continue to climb, according to the U.S. Energy Information Administration (EIA)’s Short Term Energy Outlook.

EIA estimated total coal consumption for 2013 to be 920 million metric short tons (MMst), a 3.5 percent increase over 2012. Coal consumption is estimated to increase to 958 MMst in 2014, but decline by 2.1 percent in 2015 due to the implementation of the Mercury and Air Toxics Standards (MATS).

Total natural gas consumption will average 70.2 Bcf/d in 2014, the report said. The projected year-over-year increase in natural gas prices contributes to declines in natural gas electricity generation from 24.9 Bcf/d in 2012 to 22.3 Bcf/d in 2013 and 22 Bcf/d in 2014. Total natural gas consumption increases by less than 1 Bcf/d in 2015 with a rise of use in the industrial and electric power sectors.

EIA also estimates renewables used for electricity generation will grow by less than 1 percent this year. Hydropower is expected to decrease by 2 percent, and non-hydropower renewables will increase by 2.2 percent. In 2015, renewables use for electricity generation is projected to increase by a rate of 5.8 percent from 2014, as a 5 percent increase in hydropower combines with a 6.2 percent increase in non-hydropower renewables. EIA says wind capacity will increase by less than 9 percent in 2014 to 66 GW, and another 15 percent to total more than 75 GW by the end of 2015. Utility-scale solar increased by 96 percent in 2013, and is expected to increase by 47 percent between year-end 2013 and year-end 2015.

Carbon dioxide emissions from fossil fuels increased by 1.9 percent in 2013 from the previous year, EIA said. Emissions are projected to increase 1.2 percent in 2014, followed possibly by a small decline in 2015. The increase in emissions is due to a rise in coal generation between 2013 and 2014 due to higher natural gas prices.

To read the full outlook, click here.

Sponsored by FLSmidth

Related Articles

 Weekly Coal Production

Weekly Coal Production

The Weekly Coal Production Report has been updated for the week ended February 21, 2015.

 North Dakota coal production increases 4 percent in 2014

North Dakota coal production increases 4 percent in 2014

North Dakota is known for its booming oil fields, but coal mining in the state also is a healthy industry.

Follow Power Engineering on Twitter

Latest News

02-25 Henry Hub Average Natural Gas Spot Prices

02/25 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...
 GDF Suez wants Areva to deliver nuclear reactors, wind turbines

GDF Suez wants Areva to deliver nuclear reactors, wind turbines

GDF Suez says it received guarantees from Areva for planned nuclear reactors in Turkey and wi...
 CB&I: We’re not liable for $247mn nuclear power project penalties

CB&I: We’re not liable for $247mn nuclear power project penalties

Chicago Bridge & Iron (CB&I, NYSE: CBI) say they should not be liable for any of the ...
 Siemens upgrades I&C system of GE steam turbines for first time

Siemens upgrades I&C system of GE steam turbines for first time

Siemens (NYSE: SI) received an order to upgrade the instrumentation & controls (I&C) ...
 Weekly Coal Production

Weekly Coal Production

The Weekly Coal Production Report has been updated for the week ended February 21, 2015.

 North Dakota coal production increases 4 percent in 2014

North Dakota coal production increases 4 percent in 2014

North Dakota is known for its booming oil fields, but coal mining in the state also is a heal...
 Spanish company buying US utility serving northeast for $3B

Spanish company buying US utility serving northeast for $3B

Spain's leading electricity and natural gas utility, Iberdrola, says it will buy the northeas...
 Ohio utility regulators reject AEP plan for coal plants

Ohio utility regulators reject AEP plan for coal plants

Ohio utility regulators have rejected an American Electric Power proposal to guarantee profit...

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Buyers Guide Categories

Power Industry Wire News

Western Gas to Present at Upcoming Barclays Investment Grade Energy and Pipeline Conference

Western Gas to Present at Upcoming Barclays Investment Grade Energy and Pipeline Confer...

PetroQuest Energy, Integrated Environmental Technologies and Nighthawk Energy Discuss 2015 Strategy in Exclusive Video Interviews With EnerCom's Oil & Gas 360(R)

PetroQuest Energy, Integrated Environmental Technologies and Nighthawk Energy Discuss 2...

SEACOR Holdings Announces Results for Its Year and Fourth Quarter Ended December 31, 2014

SEACOR Holdings Announces Results for Its Year and Fourth Quarter Ended December 31, 2014

Western Gas Partners, LP and Western Gas Equity Partners, LP Annual Reports Available

Western Gas Partners, LP and Western Gas Equity Partners, LP Annual Reports Available

Vivakor Signs MOU to Acquire Oil Sands Designated Leased Property in Utah

Vivakor Signs MOU to Acquire Oil Sands Designated Leased Property in Utah

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>