Supply & Demand

Renewables and gas to dominate US power sector

The US is set to see a big change in the fuels it consumes to generate power, with gas and renewables making gains at the expense of coal and nuclear, the EIA says The US is set to see a big change in the fuels it consumes to generate power, with gas and renewables making gains at the expense of coal and nuclear, the EIA says.
By Peter Stewart 5 February 2019 0 33904
Growing renewable energy use has driven down the cost of wind power and will boost its share in the power mix. (RawFilm/unsplash.com)

Solar power and wind energy will expand even more rapidly than expected in the United States power sector as a result of falling costs and the early adoption of new technologies in advance of the reduction to Investment Tax Credits (ITC) in the early 2020s, according to the latest projections from the Energy Information Administration (EIA).

Under the reference-case scenario of the EIA’s 2019 Annual Energy Outlook (AEO), issued on 24 January, the US power sector will experience a massive shift in the fuels it consumes...