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Short-Term Energy Outlook

Release Date: Nov. 8, 2022  |  Forecast Completed: Nov. 3, 2022  |  Next Release Date: Dec. 6, 2022  |  Full Report    |   Text Only   |   All Tables   |   All Figures

Coal

  • Natural gas fuels 38% of U.S. electricity generation in 2022, up from 37% in 2021, but we forecast it to fall back to 36% in 2023. Coal-fired electricity generation falls from 23% of the U.S. total last year to 20% in 2022 and 19% in 2023. Growing generation from renewable sources limits growth in natural gas-fired generation, and coal’s generation share declines because of the expected retirement of some coal-fired capacity.
  • U.S. coal production in the forecast increases by 20 million short tons (MMst) in 2022 to total 598 MMst for the year. We expect coal production will fall to 581 MMst in 2023.

U.S. coal production

U.S. electric power sector coal stocks

U.S. coal consumption

U.S. Coal Summary
  2020202120222023
Prices (dollars per million Btu)
Electric Power Sector 1.921.982.362.43
Supply (million short tons)
U.S. Coal Production 535.4578.1595.3573.2
Imports 5.15.47.49.2
Exports 69.185.183.983.9
Consumption (million short tons)
Electric Power Sector 435.8501.4470.0443.7
Other Sectors 40.944.342.440.4
Total Consumption 476.7545.7512.4484.0
End of Period Inventories (million short tons)
Electric Power Sector 131.494.798.9122.6
Total Inventories 159.8118.1122.2144.0

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