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Oct. 19, 2021, 5:05 a.m. EDT

Coal-fired electricity forecast to rise in the U.S. for first time in seven years

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By Steve Goldstein

As natural-gas prices surge, coal-fired generation in the U.S. is set to increase for the first time in seven years, a government forecast finds.

The U.S. Energy Information Agency said coal-fired generation will jump 22% this year.

The EIA notes that in many parts of the country, power plans choose between the two sources.

The year-to-date delivered cost of natural gas /zigman2/quotes/210189548/delayed NG00 +2.12% to U.S. power plants has averaged $4.93 per million British thermal units, more than double last year’s price, the EIA said.

That said, the EIA pointed out the power sector has retired about 30% of its coal plant generation capacity since 2010. No new coal-fired power capacity has come online since 2013. The EIA said coal-fired generation will probably drop 5% next year.

Natural gas emits almost 50% less carbon dioxide than coal, the EIA says.

/zigman2/quotes/210189548/delayed
US : U.S.: Nymex
$ 4.14
+0.09 +2.12%
Volume: 2,246
Dec. 2, 2021 11:13p
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