Renewables Make Up The Lion’s Share Of New Electric Generation EIA Finds

"Rising US demand for electricity is being met almost entirely by renewables, a new federal report has found.

The new numbers from the U.S. Energy Information Administration (EIA) suggest that the U.S. isn’t moving fast enough to reach the Biden administration’s climate targets.

It also cast doubt on a key rationale for a proposed national buildout in gas power plants — and gas exports.

The EIA numbers showed that rising gas exports are increasing the amount of money households pay for electricity — even as the agency found that the relative importance of gas to the power sector is falling.

The federal projections of electric growth largely powered by renewables contradict recent arguments that only a buildout of gas infrastructure can protect the nation’s grid from skyrocketing demand."

Saul Elbein reports for The Hill May 7, 2024.

Source: The Hill, 05/08/2024