Today in Energy

Jun 24, 2016

Regional Greenhouse Gas Initiative auction prices decline

graph of Regional Greenhouse Gas Initiative auction allowances and clearing price, as explained in the article text
Source: U.S. Energy Information Administration, based on Regional Greenhouse Gas Initiative

Prices of carbon dioxide (CO2) emission allowances in the Regional Greenhouse Gas Initiative (RGGI) have fallen for the second auction in a row, to $4.53 per metric ton (mt) of CO2. The auction prices on June 1 were 40% below their previous peak value of $7.50/mtCO2, reached on December 2, 2015.

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Jun 23, 2016

Panama Canal expansion unlikely to significantly change crude oil, petroleum product flows

map of Panama Canal and lock system, as explained in the article text
Source: U.S. Energy Information Administration

On June 26, the Panama Canal Authority, the body that operates the Panama Canal, will inaugurate a third set of locks, which will allow for the transit of larger ships. This is the first such expansion since the canal was completed in 1914. With the exception of U.S. propane exports, the expansion of the Panama Canal is not likely to drastically affect crude oil and petroleum product flows.

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Jun 22, 2016

U.S. crude oil storage capacity utilization rises even as storage capacity grows

graph of crude oil storage capacity utilization rates, as explained in the article text
Source: U.S. Energy Information Administration, Weekly Petroleum Status Report

Weekly U.S. commercial crude oil inventories have increased by more than 71 million barrels (15%) since the end of September, pushing crude oil storage capacity utilization to a near record high of 73% for the week ending June 10.

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Jun 21, 2016

Clean Power Plan implementation decisions affect CO2 emissions and electricity prices

graph of U.S. power sector CO2 emissions, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2016

The U.S. Environmental Protection Agency's (EPA) Clean Power Plan (CPP) regulates carbon dioxide (CO2) emissions at existing fossil-fueled electric power plants, but the ultimate energy-related emissions effect depends to an important extent on how the rule will be implemented by states. Because the CPP provides the flexibility to choose different compliance options for reducing CO2 emissions, EIA has produced an Issues in Focus analysis that considers several compliance paths.

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Jun 20, 2016

EIA launches data add-on tool for Google Sheets

image of Google sheets add-on, as explained in the article text

The U.S. Energy Information Administration has released a free data add-on for Google Sheets. Similar to EIA's Microsoft Excel extension, the new Sheets add-on allows users to browse EIA's energy API data categories or search keywords to find domestic and international energy data for the production, consumption, and price of different fuels, as well as EIA's short-term forecasts and long-term projections. EIA currently has 1.2 million data series available through the Application Programming Interface (API), developed as part of EIA's Open Data program.

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Tags: energy


Jun 17, 2016

Clean Power Plan accelerates the growth of renewable generation throughout United States

graph of U.S. net electricity generation by fuel, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2016

EIA's Annual Energy Outlook 2016 (AEO2016) Reference case projects that natural gas-fired electricity generation will exceed coal-fired electricity generation by 2022, while generation from renewables—driven by wind and solar—will overtake coal-fired generation by 2029. The shift away from coal-fired generation to a combination of higher natural gas-fired and renewables generation and greater energy efficiency is expected to be accelerated by the U.S. Environmental Protection Agency's Clean Power Plan (CPP).

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Jun 16, 2016

The 2016 EIA Energy Conference and job fair is next month

Not the real image
Source: U.S. Energy Information Administration

The U.S. Energy Information Administration will hold its 2016 Energy Conference on July 11 and 12 in Washington, DC. This two-day event provides the opportunity to meet and network with energy analysts, decision makers, and EIA staff. This year's conference also includes an EIA job fair. Last year, more than 1,000 people from industry, government, and academia attended EIA's conference.

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Tags: energy


Jun 15, 2016

Total U.S. electricity sales projected to grow slowly as electricity intensity declines

graph of electricity sales by sector, as explained in the article text
Source: U.S. Energy Information Administration, Annual Energy Outlook 2016

Electricity sales, as projected in the U.S. Energy Information Administration's most recent Annual Energy Outlook (AEO2016) Reference case, increase in each sector through 2040. In 2015, 3.7 trillion kilowatthours (kWh) of electricity were sold, and total electricity sales are projected to rise 0.7% annually through the projection period. The residential sector currently purchases the most electricity, with a 38% share of total electricity sales in 2015. However, sales in the commercial sector are projected to surpass those in the residential sector in the early 2020s.

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Jun 14, 2016

First new U.S. nuclear reactor in almost two decades set to begin operating

photo of Watts Bar nuclear generating station, as explained in the article text
Source: Republished with permission from the Tennessee Valley Authority

The Tennessee Valley Authority's (TVA) Watts Bar Unit 2 was connected to the power grid on June 3, becoming the first nuclear power plant to come online since 1996, when Watts Bar Unit 1 started operations. Watts Bar Unit 2 is undergoing final testing, producing electricity at incremental levels of power, as TVA prepares to start commercial operation later this summer. The new reactor is designed to add 1,150 megawatts (MW) of electricity generating capacity to southeastern Tennessee.

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Jun 13, 2016

Natural gas flaring in North Dakota has declined sharply since 2014

graph of North Dakota flared natural gas, as explained in the article text
Source: U.S. Energy Information Administration, based on the North Dakota Department of Mineral Resources

The volume of North Dakota's natural gas production that is flared has fallen sharply in both absolute and percentage terms since 2014. In March 2016, 10% of North Dakota's total natural gas production was flared, less than one-third of the January 2014 flaring rate, which was at 36%. Flaring rates and volumes have significantly decreased as North Dakota's total natural gas production has continued to grow, setting a monthly total natural gas production record of 1.71 billion cubic feet per day in March 2016. The North Dakota Industrial Commission established targets in September 2015 to reduce natural gas flaring.

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