The U.S. electric power sector reported fewer delays to install new utility-scale solar photovoltaic (PV) projects in 2023 than in 2022. In 2023, solar developers pushed back the scheduled online date for an average of 19% of planned solar capacity compared with an average of 23% in 2022. Although the … [continued]
Georgia Power announced this week that the 1,114-megawatt (MW) Unit 4 nuclear power reactor at Plant Vogtle near Waynesboro, Georgia, entered into commercial operation after connecting to the power grid in March 2024. The commercial start of Unit 4 completes the 11-year expansion project at Plant Vogtle. No nuclear reactors are under construction … [continued]
U.S. electricity generation from wind turbines decreased for the first time since the mid-1990s in 2023 despite the addition of 6.2 gigawatts (GW) of new wind capacity last year. Data from our Power Plant Operations Report show that U.S. wind generation in 2023 totaled 425,235 gigawatt-hours (GWh), 2.1% less than the 434,297 … [continued]
Based on analysis in our most recent U.S. Energy-Related Carbon Dioxide Emissions report, U.S. energy-related CO2 emissions decreased by 3%, about 134 million metric tons (MMmt), in 2023. Over 80% of the emissions reductions occurred in the electric power sector, caused largely by decreased coal-fired electricity generation, which was displaced by increased generation … [continued]
Last year, U.S. hydropower electricity generation fell to its lowest since 2001. This year, we expect hydropower to increase 6% and account for 250 billion kilowatthours of electricity generation in the power sector, based on forecasts in our Short-Term Energy Outlook (STEO). We expect hydropower to increase in nearly every part of the … [continued]
Yesterday, we publicly released the new Wholesale Electricity Market Portal to help users examine and access electricity markets data in the seven Regional Transmission Organizations and Independent System Operators. Regional Transmission Organizations and Independent System Operators in the United States Watch this video to learn more about how to use the portal.
The electricity mix of energy sources in Texas, managed by the Electric Reliability Council of Texas (ERCOT) electricity grid operator, changed noticeably in 2023. Although wind power remains the largest source of renewable power in the state, the installation of new wind turbine capacity slowed in 2023, while additions of … [continued]
According to preliminary data from our Electricity Data Browser, the least hydropower was generated in the western United States during the 2022–23 water year (October 1 through September 30) since at least 2001. Western region hydropower generation dropped by 11% from the previous water year to 141.6 million megawatthours (MWh). Hydropower generation in … [continued]
We increased our forecast prices for crude oil and petroleum products for the remainder of 2024 in our March Short-Term Energy Outlook (STEO) following the announcement that OPEC+ will extend the existing voluntary production cuts through the second quarter of 2024. We now forecast significantly less global oil production than world oil consumption through the first … [continued]
U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day (b/d), 13% (482,000 b/d) more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when the U.S. ban on most crude oil exports was … [continued]
