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Posted April 18, 2024 Today in Energy ›

U.S. hydropower generation expected to increase by 6% in 2024 following last year’s lows ›

Last year, U.S. hydropower electricity generation fell to its lowest since 2001. This year, we expect hydropower to increase 6% and account for 250 billion kilowatthours of electricity generation in the power sector, based on forecasts in our Short-Term Energy Outlook (STEO). We expect hydropower to increase in nearly every part of the country, with notable increases in the Southeast and in the Northwest and Rockies. We expect other regions with significant hydropower generation to either increase slightly, such as in New York, or remain about the same, such as in California. More

annual U.S. conventional hydropower electricity generation

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), April 2024

Data Highlights

WTI crude oil futures price

4/17/2024: $82.69/barrel

down$3.52 from week earlier
up$1.86 from year earlier

Natural gas futures price

4/17/2024: $1.712/MMBtu

down$0.173 from week earlier
down$0.563 from year earlier

Weekly coal production

4/13/2024: 7.498 million tons

down0.174 million tons from week earlier
down3.316 million tons from year earlier

Natural gas inventories

4/12/2024: 2,333 Bcf

up50 Bcf from week earlier
up424 Bcf from year earlier

Crude oil inventories

4/12/2024: 460.0 million barrels

up2.7 million barrels from week earlier
down6.0 million barrels from year earlier