Electricity – Short-Term Energy Outlook

Onyx Power and Gas Consulting continues a weekly series providing the Short-Term Energy Outlook as of October 11, 2017.  This series of news articles should provide a complete insight on the current conditions of the energy…enjoy, check out archives and come back each week for additional information on how all sorts of energy sources impact our daily lives.

Electricity

  • EIA expects the share of U.S. total utility-scale electricity generation from natural gas to fall from 34% in 2016 to about 31% in 2017 as a result of higher natural gas prices and increased electricity generation from renewables and coal. In 2018, natural gas’s generation share is expected to rise to 32%. Coal’s forecast generation share rises from 30% last year to 31% in 2017 and is expected to stay at that level in 2018.
  • U.S. wind electricity generating capacity at the end of 2016 was 82 gigawatts (GW). EIA expects wind capacity additions to bring total wind capacity to 88 GW by the end of 2017 and to 96 GW by the end of 2018.
  • Total U.S. utility-scale solar electricity generating capacity at the end of 2016 was 22 GW. EIA expects solar capacity additions to bring total utility-scale solar capacity to 27 GW by the end of 2017 and to more than 30 GW by the end of 2018. Generation from small-scale solar (installations less than 1 megawatt) is expected to increase by 28% in 2017 and by 23% in 2018.

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The professional consultants at Onyx Power & Gas Consulting are always ahead of the current issues that may affect energy consumption and pricing. Now is the time to partner with an Onyx professional consultant to discuss energy management and secure energy prices based on today’s stable pricing.  Volatility in the energy markets makes it too precarious to take chances.  Partner with Onyx Power & Gas in Making Energy Make a Difference!

 

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