Onyx Power and Gas Consulting continues a weekly series providing the Short-Term Energy Outlook as of March 6, 2018. 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
Renewables and Carbon Dioxide Emissions
- In 2017, EIA estimates that wind generated on average 697,000 megawatthours per day (MWh/d). EIA projects that generation from wind will rise to 722,000 MWh/d in 2018 and to 778,000 MWh/d in 2019. If factors such as precipitation and snowpack remain as forecast, conventional hydropower is projected to generate 747,000 MWh/d in 2019, which would make it the first year that wind generation exceeds hydropower generation.
- Total solar electricity generation averaged an estimated 211,000 MWh/d in 2017. EIA projects that it will reach 246,000 MWh/d in 2018 and 294,000 MWh/d in 2019.
- After declining by 0.6% in 2017, EIA projects that energy-related carbon dioxide (CO2) emissions will increase by 1.0% in 2018 and by another 0.8% in 2019. Energy-related CO2 emissions are sensitive to changes in weather, economic growth, and energy prices.
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!