Short Term Energy and Winter Fuels Outlook Released

The U.S. Energy Information (EIA) collects, analyzes, and disseminates independent and impartial energy information. EIA provides a wide range of information and data products covering energy production, stocks, demand, imports, exports, and prices; and prepares analyses and special reports on topics of current interest. One of these special reports includes their recent Short Term Energy and Winter Fuels Outlook.

Some highlights from th1e outlook include:

  • EIA projects average U.S. household expenditures for natural gas, heating oil, electricity, and propane will increase this winter (2October 1 through March 31) compared with last winter. Forecast average household expenditures for heating oil, propane, and natural gas are 38 percent, 26 percent, and 22 percent higher than last winter, respectively.
  • EIA expects3 the share of U.S. total utility-scale electricity generation from natural gas will average 35 percent this year, and the share from coal will average 30 percent. In 2017, natural gas and coal are forecast to generate about 34 percent and 31 percent of electricity, respectively, as natural gas prices are forecast to increase.4
  • Nonhydropower renewables are forecast to generate 8% of electricity generation in 2016 and 9 percent in 2017.
  • 5Total U.S. Electricity Consumption is expected to increase in 2017 among all sectors, including industrial due to forecasted increases in the industrial production index into 2017.

 

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