EIA: Coal, Renewables to Play Bigger Role

Posted November 17, 2017

From the NREA Blog:

With natural gas prices predicted to make a steady climb next year, federal energy officials expect both coal and renewables to play a bigger role in generating electricity for America.

“Expected growth in natural gas exports and domestic natural gas consumption in 2018 contribute to the forecast Henry Hub natural gas spot price rising from an annual average of $3.01 [per million Btu] in 2017 to $3.10/MMBtu in 2018 ,” the Energy Information Administration said in its latest Short-Term Energy Outlook.

“EIA expects the share of U.S. total utility-scale electricity generation from natural gas will fall from an average of 34 percent in 2016 to about 31 percent in 2017 as a result of higher natural gas prices and increased generation from renewables and coal,” according to the report issued Nov. 7.

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