Today in Energy

• U.S. natural gas-fired electricity generation consistently increased in 2022 and 2023
  26 April 2024
  Electricity generation from units that primarily consume natural gas in the U.S. Lower 48 states has increased for all hours of the day since 2021, according to data reported on Form EIA-930, Hourly and Daily Balancing Authority Operations Report.
• Low U.S. distillate consumption reflects slow economic activity and biofuel substitution
  25 April 2024
  U.S. distillate consumption so far this year is lower than usual because of warm winter weather, reduced manufacturing activity, and continued substitution of biofuels in place of petroleum distillate on the U.S. West Coast (PADD 5).
• Reasons behind the price premium for U.S. metallurgical coal exports
  24 April 2024
  U.S. coal used for the steelmaking process has sold for more than double the price of U.S. coal used as a fuel for electricity generation in six of the last seven years, underscoring a historical trend. U.S. metallurgical coal, used primarily as a raw material in the steelmaking process, historically has sold into export markets at prices higher than those for U.S. thermal coal, a major fuel for electricity generation. From 2001 to 2023, U.S. metallurgical coal sold at an average premium of 90% to the price of thermal coal.
• U.S. natural gas consumption set annual and monthly records during 2023
  23 April 2024
  In 2023, 89.1 billion cubic feet per day (Bcf/d) of natural gas was consumed in the United States, the most on record. Since 2018, U.S. natural gas consumption has increased by an average of 4% annually.
• Increases in U.S. residential electricity bills in 2023 were outpaced by inflation
  22 April 2024
  In 2023, U.S. residential electricity bills increased by 2% each month compared with 2022. That growth rate was slower than inflation, which was 4.1% in 2023. Over the past decade, residential electricity prices have increased more slowly than overall inflation.