This Short-Term Energy Outlook November 2022 report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. Due to less electricity demand, it expects that generation from renewable sources will make up an increasing share of total U.S. electricity generation, rising from 22% this year to 24% in 2023.
Without growth in U.S. electricity consumption, strong growth in renewables generating capacity results in lower shares of generation from all other sources next year, most notably natural gas and coal. It expects renewable sources to provide 22% of U.S. electricity generation in 2022 and 24% in 2023 as generation from natural gas declines from 38% in 2022 to 36% in 2023. The increase in renewables generation comes mostly from solar and wind capacity additions.
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