Tuesday,
February 8
February 8
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 7 gigawatts and 21 gigawatts, respectively, in 2022, according to the agency’s last short-term outlook. U.S. electricity consumption is expected to grow by 0.6 percent in 2022, after an increase of 2 percent last year. The agency forecast residential retail electricity sales to decline by 2.2 percent as the expected cooler summer temperatures should offset the effect of the anticipated colder fourth quarter.