115 days ago • Posted by Martin Boujol

Away with natural gas, here comes coal and renewables

The Energy Information Administration (EIA) forecasts that generation from natural gas-fired power plants will decline by about 8% in 2021, as a result of rising fuel costs. This would be the first annual decline since 2017. In the meantime, coal-fired powerplants will see an increase of 14% in 2021, although it declined by 20% in 2020. Finally, EIA forecasts 18% growth for renewable energies such as solar and wind power, which will be their fastest annual growth rate since 2010. 

Source: EIA

#Commodities
rising fuel costs diminishes natural gas use
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