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Short-Term Energy Outlook

Release Date: Aug. 9, 2022  |  Forecast Completed: Aug. 4, 2022  |  Next Release Date: Sep. 13, 2022  |  Full Report    |   Text Only   |   All Tables   |   All Figures

Coal

  • U.S. coal production is forecast to increase by 21 million short tons (MMst) to 599 MMst in 2022 and to 601 MMst in 2023. We expect coal consumption to be slightly lower in 2022 at 541 MMst, relative to 546 MMst in 2021. This forecast decline is a result of constraints on coal generation and mine shutdowns as well as coal transportation limitations. As coal plant shutdowns continue and natural gas prices fall, coal consumption is expected to decline by 9% to 493 MMst in 2023. Coal exports increase from 85 MMst in 2021 to 87 MMst in 2022 and to 98 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 1.921.982.212.19
Supply (million short tons)
U.S. Coal Production 535.4578.1598.9601.3
Imports 5.15.45.05.2
Exports 69.185.287.398.1
Consumption (million short tons)
Electric Power Sector 435.8501.4497.3450.2
Other Sectors 40.944.243.743.3
Total Consumption 476.7545.7541.0493.5
End of Period Inventories (million short tons)
Electric Power Sector 133.394.767.686.3
Total Inventories 161.7124.4107.7129.8

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Related Figures
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U.S. coal consumption XLSX PNG
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U.S. winter heating degree days XLSX PNG
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