(Image credit: Amoria Bond)
Power consumption in the United States are set to reach record numbers in 2024 and 2025. The Energy Information Administration (EIA) have released their Short Term Energy Outlook on Tuesday (March 12). The EIA have projected energy demand to rise from 4000bn kWh in 2023 to 4099bn kWh in 2024 and 4128bn kWh in 2025.
The rise in energy use is because of homes and businesses transitioning from fossil fuels to electricity when powering heating and transportation. The EIA have forecast the power sales of electricity to rise for residential, commercial and industrial customers:
- Residential: 1509bn kWh in 2022 to 1511bn kWh in 2024.
- Commercial: 1391bn kWh in 2022 to 1396bn kWh in 2024.
- Industrial: 1064bn kWh in 2000 to 1042bn kWh in 2024.
Natural gas’ share of the United States’ power generation is expected to hold at 42% in 2024 then expected to decrease slowly to 41% in 2025.
The EIA continue to explain that coal’s share of power is set to decline from 17% in 2023, to 15% in 2024, and 14% in 2025. The decline in coal powered generation is in coordination with the rise of renewable energy generation.
The percentage of renewable generation will rise from 21% to 24% in 2024 and expected to reach 25% in 2025. Nuclear power is expected to hold at 19% power share of renewables total power generation across the 3 years.
As the US’s transition to more renewable forms of generation for heating and transportation, energy use will continue to rise. The positive is, this energy is being generated from renewable sources and not damaging the environment.
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