Tuesday,
May 11
May 11
EIA U.S. Energy Outlook
The U.S. Energy Information Administration will issue its Short-Term Energy Outlook report, providing a forecast of energy supply, demand, and prices. Wind and utility-scale solar capacity are expected to increase by 16.1 gigawatts and 15.8 gigawatts, respectively, in 2021, according to the agency’s last short-term outlook. U.S. electricity consumption is expected to grow by 2.1 percent in 2021, after a decline of 3.8 percent last year. The agency forecast residential retail electricity sales to grow by 2.3 percent due largely to colder temperatures in the first quarter of 2021 compared to the same period in 2020.