EIA: US power consumption will reach new highs by 2025 and 26.

The Short Term Energy Outlook, published by the Energy Information Administration on Tuesday, predicted that U.S. electricity consumption would reach record levels in 2025 and in 2026.

EIA projects that the demand for electricity will increase to 4,175 billions kWh by 2025, and 4,252 trillions kWh by 2026. This is a significant increase from the 4,089 billions kilowatt hours (kWh) recorded in 2024.

EIA predicts that by 2025, residential customers will consume 1,519 billion kWh of electricity. Commercial customers will consume 1,457 trillion kWh and industrial customers 1,056 trillion kWh.

These forecasts are compared to the all-time records of 1,509 billions kWh for residential customers in 2022; 1,422 trillions kWh for commercial customers in 2024 and 1,064 trillions kWh for industrial consumers in 2000.

EIA predicted that natural gas would lose its share in power generation from 43% to 41% by 2025, and then 40% by 2026. Coal's percentage will drop from 16% to 15% by 2025 and 2026 as the renewables increase.

According to the outlook, the percentage of renewable energy will increase from 23% in 2020 to 25% in 2025, and to 27% in 2030, while the nuclear share will remain at 19% for both years.

EIA predicted that natural gas sales for residential customers would increase to 12.9 billion cubic foot per day in 2025, and for commercial customers to 9.6 bcfd. However, industrial customers' sales will fall to 23.1bcfd and for power generation to 35.9bcfd.

This compares to all-time records of 14.3 billion cubic feet per day (bcfd) in 1996 for residential customers, 9.6 billion cubic feet per day in 2019 for commercial clients, 23.8 million cubic feet per day in 1973 for industrial consumers and 36.9 billion cubic foot in 2024 for electricity generation. (Reporting and editing by David Gregorio, Scott DiSavino)

(source: Reuters)