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EIA expects U.S. power use to rise in 2021 as economy recovers

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Oct 13 (Reuters) – U.S. power utilization will rise about 3% in 2021 as the economy grows following final 12 months’s coronavirus hit to demand, the U.S. Energy Information Administration (EIA) stated on Wednesday.

In its Short-Term Energy Outlook (STEO), EIA projected power demand will climb to 3,915 billion kilowatt hours (kWh) in 2021 and three,929 billion kWh in 2022.

That compares with a coronavirus-depressed 11-year low of three,802 billion kWh in 2020 and an all-time excessive of 4,003 billion kWh reached in 2018.

EIA projected 2021 power gross sales would rise to a report excessive 1,488 billion kWh for residential customers, as ongoing COVID considerations preserve extra individuals working from residence, 1,308 billion kWh for industrial prospects and 977 billion kWh for industrials.

That compares with a earlier excessive of 1,469 billion kWh in 2018 for residential customers and all-time highs of 1,382 billion kWh in 2018 for industrial prospects and 1,064 billion kWh in 2000 for industrials.

EIA stated pure gasoline’ share of power technology will slide from 39% in 2020 to 36% in 2021 and 35% in 2022 as gasoline costs rise. Coal’s share will rise to 24% in 2021, from 20% in 2020, and contribute 23% in 2022.

The proportion of nuclear technology will ease from 21% in 2020 to 20% in 2021 and 2022, whereas renewables will maintain at 20% in 2021, the identical as 2020, earlier than rising to 22% in 2022.

The EIA projected 2021 pure gasoline gross sales would rise to 13.37 billion cubic ft per day (bcfd) for residential customers, 9.32 bcfd for industrial prospects and 22.81 bcfd for industrials, however fall to 29.83 bcfd for power technology.

That compares with all-time highs of 14.36 bcfd in 1996 for residential customers, 9.63 bcfd in 2018 for industrial prospects, 23.80 bcfd in 1973 for industrials and 31.74 bcfd in 2020 for power technology.

Reporting by Scott DiSavino; Editing by Alexander Smith

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