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US energy consumption will reach a record high in



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U.S. energy consumption will hit a record high in 2022 as a result of growing economic activity and warmer summer weather, the U.S. Energy Information Administration (EIA) announced Wednesday in its Short-Term Energy report Outlook (STEO), reports Reuters.

EIA estimates energy demand will increase to 4.029 billion kilowatt-hours (kWh) in 2022 from 3.930 billion kWh in 2021, then decline to 4.013 billion kWh in 2023 as temperatures warm moderate.

This demand data contrasts with an eight-year low of 3.856 billion kWh in 2020, when the coronavirus pandemic reduced demand, and an all-time high of 4.003 billion kWh in 2018.

The EIA projected that energy sales will increase in 2022 to 1.498 billion kWh for residential customers, 1.370 billion kWh for commercial customers as more people return to work in offices, and 1.019 billion kWh for the industrial sector.

The EIA said natural gas’s share of energy production will remain at 37 percent in 2022, the same as in 2021, before falling to 36 percent in 2023.

The share of coal will decrease from 23% in 2021 to 21% in 2022 and 19% in 2023, as the share of renewable energy increases.

The share of energy from renewable sources will increase from 20% in 2021 to 22% in 2022 and 24% in 2023.

Nuclear’s share will drop to 19% in 2022, from 20% in 2021, before returning to 20% in 2023.

The agency estimated that gas sales will increase in 2022 to 13.64 billion cubic meters per day (bcfd) for residential customers, 9.69 bcfd for commercial customers, 22.86 bcfd for industrial customers and 32.09 bcfd for generation energy.