US Electricity Consumption, Generation and Price: EIA

January 26, 2011 § Leave a comment

U.S. Electricity Consumption: EIA expects total U.S. consumption of electricity to fall slightly during 2011 and then grow by 2.6 percent in 2012 (U.S. Total Electricity Consumption Chart).  EIA estimates that retail sales of electricity to the residential sector rose by 6.1 percent in 2010 as a result of a relatively cold winter in the Southeast and a very warm summer east of the Rocky Mountains.  Based on the forecast return to more normal temperatures, residential electricity sales fall by 2.1 percent during 2011.  Forecast growth in manufacturing output should lead to increases in industrial sector electricity sales of 1.5 percent this year and 2.2 percent in 2012.

U.S. Electricity Generation: Projected total electricity generation decreases by 0.3 percent in 2011, following a 4.0 percent increase in 2010.  A forecast 6.0-percent increase in conventional hydropower generation during 2011 (due to an assumed return to near-normal precipitation levels) and a 13-percent increase in generation from other renewable sources, mostly wind, lead to a 2.4-percent reduction in coal-fired generation and a 1.0-percent decline in natural gas generation.  During 2012, EIA expects a 2.6-percent increase in total electric power sector generation, which will be fueled primarily by increased generation from coal, natural gas, and non-hydropower renewables (U.S. Electric Power Sector Generation Growth Chart).

U.S. Electricity Retail Prices: EIA expects the U.S. retail price for electricity distributed to the residential sector during 2010 to average 11.6 cents per kilowatt-hour, about the same level as in 2009.  EIA expects the U.S. residential price to increase only slightly over the forecast period–by 0.6 percent in 2011 and by 1.0 percent in 2012 (U.S. Residential Electricity Prices Chart)

 

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