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Posted January 18, 2019 Today in Energy

EIA forecasts renewables will be fastest growing source of electricity generation ›

EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years. EIA’s January 2019 Short-Term Energy Outlook (STEO) forecasts that electricity generation from utility-scale solar generating units will grow by 10% in 2019 and by 17% in 2020. According to the January STEO, wind generation will grow by 12% and 14% during the next two years. EIA forecasts total U.S. electricity generation across all fuels will fall by 2% this year and then show very little growth in 2020. More

U.S. electricity generation by energy source

Source: EIA, Short-Term Energy Outlook, January 2019

Data Highlights

WTI crude oil futures price

1/17/2019: $52.07/barrel

down$0.52 from week earlier
down$11.90 from year earlier

Natural gas futures price

1/17/2019: $3.413/MMBtu

up$0.444 from week earlier
up$0.181 from year earlier

Weekly coal production

1/12/2019: 15.062 million tons

up3.119 million tons from week earlier
up1.843 million tons from year earlier

Natural gas inventories

1/11/2019: 2,533 Bcf

down81 Bcf from week earlier
down77 Bcf from year earlier

Crude oil inventories

1/11/2019: 437.1 million barrels

down2.7 million barrels from week earlier
up24.4 million barrels from year earlier