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Today in Energy U.S. hydropower generation expected to rise by 7% in 2025 following last year’s record low

  • U.S. hydropower generation expected to rise by 7% in 2025 following last year’s record low
    on May 19, 2025 at 2:00 pm

    We expect U.S. hydropower generation will increase by 7.5% in 2025 but will remain 2.4% below the 10-year average in our May Short-Term Energy Outlook (STEO). Hydropower generation in 2024 fell to 241 billion kilowatthours (BkWh), the lowest since at least 2010; in 2025, we expect generation will be 259.1 BkWh. This amount of generation would represent 6% of the electricity generation in the country.

  • EIA forecasts world oil consumption growth to slow amid less economic activity
    on May 15, 2025 at 2:00 pm

    We forecast consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by a slowdown in economic growth, particularly in Asia, in our May Short-Term Energy Outlook (STEO).

  • U.S. electricity prices continue steady increase
    on May 14, 2025 at 2:00 pm

    Retail electricity prices have increased faster than the rate of inflation since 2022, and we expect them to continue increasing through 2026, based on forecasts in our Short-Term Energy Outlook. Parts of the country with relatively high electricity prices may experience greater price increases than those with relatively low electricity prices.

  • After more than a decade of little change, U.S. electricity consumption is rising again
    on May 13, 2025 at 2:00 pm

    In our latest Short-Term Energy Outlook, we forecast U.S. annual electricity consumption will increase in 2025 and 2026, surpassing the all-time high reached in 2024. This growth contrasts with the trend of relatively flat electricity demand between the mid-2000s and early 2020s. Much of the recent and forecasted growth in electricity consumption is coming from the commercial sector, which includes data centers, and the industrial sector, which includes manufacturing establishments.

  • Residential electric bills in Hawaii and Connecticut are twice those in New Mexico, Utah
    on May 12, 2025 at 2:00 pm

    The average electric monthly bill for U.S. residential customers was $144 in 2024, but average costs for customers in some states were much higher or lower. Customers in states such as Hawaii and Connecticut, where retail electricity prices are relatively high, paid more than $200 per month for electricity, or more than twice as much as customers in states such as New Mexico and Utah.

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