U.S. Power Use to Rise in 2022 as Economy Continues to Grow - EIA
(Reuters) — U.S. power consumption will rise in 2022 and 2023 as the economy continues to recover, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.
EIA projected power demand will climb to 3,992 billion kilowatt-hours (kWh) in 2022 and 4,034 billion kWh in 2023 from 3,937 billion kWh in 2021.
That compares with a coronavirus-depressed eight-year low of 3,856 billion kWh in 2020 and an all-time high of 4,003 billion kWh in 2018.
The EIA projected 2022 power sales would ease to 1,465 billion kWh for residential consumers, but rise to 1,355 billion kWh for commercial customers as more people return to work in offices and 1,025 billion kWh for industrials.
That compares with current all-time highs of 1,482 billion kWh in 2021 for residential consumers, 1,382 billion kWh in 2018 for commercial customers and 1,064 billion kWh in 2000 for industrials.
The EIA said natural gas' share of power generation will slide from 37% in 2021 to 35% in 2022 and 2023 as gas prices rise. Coal's share, meanwhile, will slide from 23% in 2021 to 22% in 2022 and 2023 as renewable output rises.
The percentage of renewable generation will rise from 20% in 2021 to 22% in 2022 and 24% in 2023. Nuclear power will hold at 20% in 2022 and 2023, the same as 2021.
The EIA projected 2022 natural gas sales would rise to 13.48 Bcf/d for residential consumers, 9.31 Bcf/d for commercial customers and 23.54 Bcf/d for industrials, but fall to 29.79 Bcf/d for power generation.
That compares with all-time highs of 14.32 Bcf/d in 1996 for residential consumers, 9.63 Bcf/d in 2019 for commercial customers, 23.80 Bcf/d in 1973 for industrials and 31.75 Bcf/d in 2020 for power generation.
Related News
Related News

- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
- Phillips 66 to Sell $865 Million Stake in 500-Mile Gulf Coast Express Pipeline to ArcLight
- NDT, Aramco to Launch 56-Inch Inspection Tool
Comments