USA Energy Usage To Reach New Records In 2024-2025: EIA

by | Mar 13, 2024 | Daily News, Environmental News

Home » Environmental News » USA Energy Usage To Reach New Records In 2024-2025: EIA

 

The USA energy usage is about to reach unprecedented levels in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). In its Short-Term Energy Outlook (STEO), the EIA forecasted a surge in power demand.

This demand is driven by increased usage in homes and businesses. It’s also because of a shift towards electricity over traditional fossil fuels for heating and transportation.

USA Energy Usage To Reach New Records In 2024-2025: EIA

The EIA projected that power consumption would reach staggering heights of 4,099 billion kilowatt-hours (kWh) in 2024. It’ll then rise to 4,128 billion kWh in 2025. All this will mark a notable increase from 4,000 billion kWh in 2023 and a record 4,003 billion kWh in 2018.

Residential consumers are expected to lead the surge in energy consumption. The projected power sales will reach 1,511 billion kWh in 2024. Commercial customers are forecasted to follow closely with 1,396 billion kWh.

Industrial customers, on the other hand, are projected to consume 1,042 billion kWh. These figures represent significant increases compared to previous years. Residential and commercial consumption will reach all-time highs in 2022, and industrial consumption will peak in 2000.

The report highlighted a notable shift in energy sources, with natural gas maintaining its dominance in power generation. It accounts for 42% of the market share in both 2023 and 2024 before slightly dropping to 41% in 2025.

Meanwhile, coal’s share is expected to decline from 17% in 2023 to 15% in 2024 and further to 14% in 2025 as renewable energy output continues to rise. The percentage of renewable generation is anticipated to increase from 21% in 2023 to 24% in 2024 and 25% in 2025. Nuclear power’s share will remain steady at 19% across all three years.

In addition to power generation, the EIA projected a surge in natural gas sales for residential and commercial consumers in 2024. Gas sales are expected to rise to 12.41 billion cubic feet per day (bcfd) for residential consumers.

It’ll be 9.17 bcfd for commercial customers, while power generation is projected to consume 35.98 bcfd. However, industrial gas sales are forecasted to decrease to 23.19 bcfd, compared to historical highs in various sectors.

The EIA’s Short-Term Energy Outlook paints a picture of rising energy demand in the United States. The USA energy usage is driven by increased electricity usage in homes, businesses, and industrial sectors. As the nation strives towards a more sustainable energy future, the report underscores the ongoing shift towards renewable sources.

Also Read: USA Tops Global Oil Production For The Sixth Consecutive Year: EIA

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  • Sarah Tancredi

    Sarah Tancredi is an experienced journalist and news reporter specializing in environmental and climate crisis issues. With a deep passion for the planet and a commitment to raising awareness about pressing environmental challenges, Sarah has dedicated her career to informing the public and promoting sustainable solutions. She strives to inspire individuals, communities, and policymakers to take action to safeguard our planet for future generations.

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