January 13, 2021 In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that the annual natural gas spot price at the Henry Hub will rise 0.98¢ per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021. EIA expects higher natural gas prices will prompt dry natural gas production to increase in the … [Read more...] about EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022
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Nuclear and coal will account for majority of U.S. generating capacity retirements in 2021
January 12, 2021 According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric generators, 9.1 gigawatts (GW) of electric generating capacity is scheduled to retire in 2021. Nuclear generating capacity will account for the largest share of total capacity retirements (56%), followed by coal (30%). Nuclear. At 5.1 GW, nuclear capacity … [Read more...] about Nuclear and coal will account for majority of U.S. generating capacity retirements in 2021
Wholesale U.S. electricity prices were generally lower and less volatile in 2020 than 2019
January 8, 2021 Source: U.S. Energy Information Administration, based on S&P Global Market Intelligence data During 2020, wholesale electricity prices at major trading hubs in the United States were generally lower than in 2019, although prices in the western states trended higher in the last half of the year. Compared with 2019 prices, these wholesale hub prices in 2020 … [Read more...] about Wholesale U.S. electricity prices were generally lower and less volatile in 2020 than 2019
Crude oil prices briefly traded below $0 in spring 2020 but have since been mostly flat
January 5, 2021Source: U.S. Energy Information Administration, New York Mercantile Exchange (NYMEX)Note: Prices reflect front-month (contract with the earliest delivery date) futures prices. In the first half of 2020, responses to the COVID-19 pandemic led to steep declines in global petroleum demand and to volatile crude oil markets. The second half of the year was … [Read more...] about Crude oil prices briefly traded below $0 in spring 2020 but have since been mostly flat
EIA releases new U.S. Energy Atlas with updated maps and enhanced navigation
January 4, 2021 Today, the U.S. Energy Information Administration (EIA) released the U.S. Energy Atlas, a new interface for web map applications and a comprehensive open data catalogue. The U.S. Energy Atlas shows detailed energy infrastructure in redesigned maps with enhanced navigation and data accessibility features. With the U.S. Energy Atlas, users can now combine … [Read more...] about EIA releases new U.S. Energy Atlas with updated maps and enhanced navigation