By Editors of Power Engineering
Total U.S. electrical generation is set to fall 1.2 percent in 2017 before rebounding by 1.9 percent the next year, according to the latest short-term energy forecast from the Energy Information Administration.
Even with the decline, residential electricity prices are expected to increase 2.4 percent in 2017 and another 2.3 percent in 2018.
Coal production is predicted to increase five percent this year, due mainly to exports. Coal-fired generation will lead to a one percent increase in production in 2018. Coal prices are expected to increase from $2.11/MMBtu last year to $2.16/MMBtu in 2017 and $2.22/MMBtu in 2018.
Wind energy capacity, at 81 GW at the end of 2016, will grow to 102 GW by the end of 2018. Solar capacity will grow from 21GW to 32 GW in the same period.
Carbon dioxide emissions are slated to fall 0.7 percent in 2017 but increase by 2.3 percent the next year.
Natural gas production is expected to average 74.1 billion cubic feet per day this year, 1.8 percent ahead of last year. Henry Hub spot prices are slated to increase from $3.17/MMBtu in 2017 to $3.43/MMBtu in 2018.