Name: Latest EIA Report Predicts Renewables In US Will Outpace Coal For All Of 2020
Brand: cleantechnica.com
SKU: cleantechnica-com-8
Availability: OnlineOnly

critic

Latest EIA Report Predicts Renewables In US Will Outpace Coal For All Of 2020

preview

Hi, what are you looking for?In its for May, the US Energy Information Administration predicts renewables will continue to provide more electricity to the grid than coal-powered thermal generating plants for all of 2020 — a first in US history. Part of that is due to reduced demand for electricity due to the coronavirus pandemic and part of that is due to unusually low prices for natural gas.The EIA estimates coal generation will total 724.2 billion kWh in 2020, compared to 761 billion kWh of renewables. Just a year ago,&nbsp; coal accounted for 959.5 billion kWh​ while the share of renewables was 688 billion kWh. Renewable generation will continue to outpace coal in 2021 — 833.8 billion kWh to 810.3 billion kWh — the EIA says. Many people are expecting renewables to overtake and pass coal, but Amanda Levin, a policy analyst with the Natural Resources Defense Council, tells that COVID-19 has increased the speed of the transition. “I do think that 2019 is going to be the last year that coal produces more power than renewables,” she says.EIA estimates a 6.5% decrease in commercial and industrial electricity sales, as well as a 1.3% reduction in residential sales as the result of mild weather this winter and this coming summer. (An overheating planet may have something to say about that.) In all, US electric generation is forecast to drop by 5%, with fossil fuels hit the hardest.Some coal producers have already fully or partially shut down operations due to declining demand.&nbsp;“EIA expects that these decreases in overall production will have a noticeable effect on supply, contributing to a steeper decline than would have occurred had these measures not been put into place,” the report says.It costs money to bring an idle coal generating plant back online, while it costs next to nothing to activate a solar power plant or wind farm. Amanda Levin says, “So what ends up happening is when demand goes down, the most expensive last unit of energy purchased is the first to be taken offline.” Today, that means renewables, natural gas, and nuclear tend to be cheaper from a marginal cost perspective, and coal units are the first to be taken offline.Of course, the unprecedented coronavirus pandemic means these are far from normal times, which means any projections are necessarily uncertain. EIA economist Tyler Hodge tells Utility Dive the crossover between coal and renewables is hard to predict accurately. There’s a possibility wind and solar projects could be delayed or postponed while declining coal forecasts are highly dependent on reduced electricity demand.“At this point in time,” he says, “it’s probably more accurate to say that renewable energy sources will supply about the same amount of generation as coal over the next two years.” In fact, the EIA report suggests coal consumption could grow as much as 10% next year as the economy stabilizes and things get back to some semblance of normalcy.&nbsp; Renewable generation is expected to grow by 11% this year even with the virus causing massive disruptions. EIA projects an additional 20.4 GW of new wind capacity and 12.7 GW of utility-scale solar capacity will come online this year, although that forecast is fraught with uncertainty.“It’s important to recognize that this is really the inevitable conclusion of the energy transition that we’re on the path towards,” Joe Daniel, senior energy analyst with the Union of Concerned Scientists, tells Utility Dive. Reduced demand, coupled with low natural gas prices, have shown just how unnecessary most coal-fired plants are on the system, he says. “I think right now is a really critical moment for those utilities that do own coal because how they respond to the current economic realities is going to tell us a lot about their view and their stance on coal as a resource.”The backdrop for all this is the news that have been lost in the clean energy industry as a result of the the coronavirus. That’s worrying, especially for the affected by the furloughs and job cuts. But the likelihood is those jobs will come back sooner than jobs in other industries that rely on the extraction and combustion of fossil fuels. In the final analysis, the virus may inflict more permanent damage on the fossil fuel sector than it does on renewables.&nbsp;Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a&nbsp;&nbsp;— or a&nbsp;patron on .&nbsp;Don't want to miss a cleantech story? Sign up for on email. Or !&nbsp;Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? .Advertisement&nbsp;#1 most loved electric vehicle, solar energy, and battery news &amp; analysis site in the world.&nbsp;Texas lays clean power doubts to rest as its wind and solar industries grow, and renewables rise to keep the lights on during the...NREL Analysis Shows That Multiple Storage Technologies Can Enable High-Renewable OperationIn our&nbsp;International Energy Outlook 2021&nbsp;(IEO2021) Reference case, we project that, absent significant changes in policy or technology, global energy consumption will increase nearly 50%...When lockdowns during the coronavirus pandemic cut local nitrogen oxide emissions, the effect on ozone pollution was global and unexpectedly rapid.

Hi, what are you looking for?In its for May, the US Energy Information Administration predicts renewables will continue to provide more electricity to the grid than coal-powered thermal generating plants for all of 2020 — a first in US history. Part of that is due to reduced demand for electricity due to the coronavirus pandemic and part of that is due to unusually low prices for natural gas.The EIA estimates coal generation will total 724.2 billion kWh in 2020, compared to 761 billion kWh of renewables. Just a year ago,&nbsp; coal accounted for 959.5 billion kWh​ while the share of...

public

Steve Hanley

We have covered the cleantech industry obsessively for 13 years — electric vehicles, solar energy, wind energy, & more.

Latest EIA Report Predicts Renewables In US Will Outpace Coal For All Of 2020

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS