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EIA Forecasts 14% Dip in Coal Production in US in 2020

Coal News - Published on Wed, 12 Feb 2020

Image Source: Coal Production US
Energy Information Administration's Short-Term Energy Outlook forecasts that US coal production will total 595 million short tons in 2020, down 95 million short tons or 14% from 2019. Lower production reflects declining demand for coal in the electric power sector and lower demand for US exports. EIA forecasts that electric power sector demand for coal will fall by 81 million short tons or 15% in 2020. EIA expects that coal production will stabilize in 2021 as export demand stabilizes and US power sector demand for coal increases because of rising natural gas prices.

EIA expects the share of US utility-scale electricity generation from natural gas-fired power plants will remain relatively steady; it was 37% in 2019, and EIA forecasts it will be 38% in 2020 and 37% in 2021. Electricity generation from renewable energy sources will rise from a share of 17% last year to 20% in 2020 and 21% in 2021. The increase in the renewables share is the result of expected use of additions to wind and solar generating capacity. Coal’s forecast share of electricity generation will fall from 24% in 2019 to 21% in both 2020 and 2021. The nuclear share of generation, which averaged slightly more than 20% in 2019 will be slightly lower than 20% by 2021, consistent with upcoming reactor retirements.

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Posted By : Yogender Pancholi on Wed, 12 Feb 2020
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