Today in Energy
EIA’s AEO2021 shows growing use of batteries on the U.S. electricity grid
In the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021), EIA projects a significant number of battery energy storage systems will be added to the U.S. power grid. In the AEO2021 Reference case, which reflects current laws and regulations, 59 gigawatts (GW) of...
CO2 emissions prices in the Northeast states reached record levels in most recent auction
The most recent Regional Greenhouse Gas Initiative (RGGI) quarterly auction, held on March 3, 2021, resulted in a clearing price of $7.60 per short ton of carbon dioxide (CO2), surpassing the previous high price of $7.50 per short ton reached in December 2015. States can reinvest the proceeds from...
U.S. LNG exports in EIA’s AEO2021 side cases vary with crude oil, natural gas prices
The U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2021 (AEO2021) projects that the volume of U.S. liquefied natural gas (LNG) exports through 2050 will span a wide range based on its published side cases. In the AEO2021 Reference case, U.S. LNG exports continue to grow...
EIA projects U.S. jet fuel consumption won’t increase as quickly as air travel demand
U.S. air travel fell significantly in 2020 because of reduced travel in response to the worldwide COVID-19 pandemic. In its Annual Energy Outlook 2021 (AEO2021) Reference case, the U.S. Energy Information Administration (EIA) projects total U.S. passenger air travel demand will return to 2019 levels...
Less electricity was generated by coal than nuclear in the United States in 2020
U.S. coal-fired electricity generated totaled 774 million megawatthours (MWh) in 2020, which is less than both natural gas-fired (1.6 billion MWh) and nuclear-powered generation (790 million MWh), according to the U.S. Energy Information Administration’s (EIA) Electric Power Monthly. Last year...
EIA expects crude oil prices to rise through April because of lower OPEC production
In its March Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects Brent crude oil prices will average $64 per barrel (b) in the second quarter of 2021 and then fall to less than $60/b through the end of 2022. Higher crude oil prices in March and April are...
Recent completions of natural gas pipeline projects increase transportation capacity
From November 2020 through January 2021, approximately 4.4 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity entered service, according to the U.S. Energy Information Administration’s (EIA) Natural Gas Pipeline Project Tracker. Read More...
Asia became the main export destination for growing U.S. LNG exports in 2020
U.S. exports of liquefied natural gas (LNG) continued to grow in 2020, averaging 6.6 billion cubic feet per day (Bcf/d) on an annual basis, according to the U.S. Energy Information Administration’s Natural Gas Monthly. LNG exports increased 1.6 Bcf/d, or 32%, compared with 2019 levels. U.S...
Texas uses natural gas for electricity generation and home heating
In February 2021, an extreme winter weather event affected energy supply and demand in Texas. The cold temperatures that increased demand for electricity and heating in Texas also disrupted energy supply, causing health and safety concerns. Because natural gas is used to generate a large share of...
Annual U.S. coal exports drop 26% between 2019 and 2020
In 2020, U.S. coal exports declined to 69 million metric short tons (MMst), a 26% decrease from 93 MMst in 2019. Steam coal exports, which accounted for 40% of the total, declined by more than one-third, dropping 34% from the previous year to 27 MMst. Metallurgical coal had a smaller, but still...
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