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Short-Term Energy Outlook

Release Date: May 9, 2017  |  Next Release Date: June 6, 2017  |  Full Report    |   Text Only   |   All Tables   |   All Figures

Electricity

  • Total U.S. electricity generation from utility-scale power plants averaged 11,150 gigawatthours per day in 2016. Forecast generation declines by 1.2% in 2017 and then grows by 1.9% in 2018. EIA expects the annual average U.S. residential electricity price to increase by 2.4% in 2017 and by 2.3% in 2018.
U.S. Electricity Summary
  2015 2016 2017 2018
Retail Prices (cents per kilowatthour)
Residential Sector 12.65 12.55 12.85 13.15
Commercial Sector 10.64 10.37 10.52 10.69
Industrial Sector 6.91 6.75 7.00 7.16
Power Generation Fuel Costs (dollars per million Btu)
Coal 2.23 2.11 2.16 2.22
Natural Gas 3.23 2.88 3.68 3.96
Residual Fuel Oil 10.36 8.41 10.47 10.82
Distillate Fuel Oil 14.47 10.86 13.57 15.14
Generation (billion kWh per day)
Coal 3.705 3.388 3.389 3.475
Natural Gas 3.653 3.771 3.481 3.584
Nuclear 2.184 2.200 2.179 2.185
Conventional Hydroelectric 0.682 0.732 0.823 0.750
Renewable (non-hydroelectric) 0.809 0.939 1.015 1.091
Total Generation 11.172 11.145 11.011 11.216
Retail Sales (billion kWh per day)
Residential Sector 3.85 3.85 3.77 3.88
Commercial Sector 3.73 3.71 3.73 3.75
Industrial Sector 2.70 2.56 2.62 2.63
Total Retail Sales 10.30 10.14 10.13 10.29
Primary Assumptions (percent change from previous year)
Real DIsposable Personal Income 3.5 2.8 2.4 3.9
Manufacturing Production Index 0.2 0.2 2.6 2.4
Cooling Degree Days 14.6 4.7 -8.7 -4.7
Heating Degree Days -10.2 -5.1 0.0 9.3
Number of Households 1.0 0.9 1.0 1.3

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