Tuesday,
April 6
April 6
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. Residential sector retail electricity sales are expected to grow by 2.7 percent in 2021 due largely to colder temperatures in the first quarter compared to the same period in 2020, according to the agency’s last short-term outlook. Despite rolling outages in Texas and some other states in February, estimated residential consumption during the first quarter of this year is 10 percent higher compared to 2020. The agency forecasts a 2.1 percent increase in U.S. electricity consumption in 2021 after it fell 3.8 percent last year.