RSS feed source: US Energy Information Administration

In-brief analysis

September 9, 2024

Data source: S&P Capital IQ rate case database
Note: Real=adjusted for inflation to 2023 dollars

Utility regulators in the United States are considering increases to electricity rates again this year as electric utilities seek to cover the investments needed to maintain and expand their systems. Utilities requested rate increases in recent years to pay for improvements to transmission and distribution lines to withstand increasingly serious weather and fire events, prepare for increased electrification as state and federal clean energy legislation is implemented, and move more energy reliably, according to S&P Global Market Intelligence Capital IQ Pro.

State utility regulators signed off on $9.7 billion in net rate increases in 2023, more than double the $4.4 billion authorized in 2022. The net increase—increases minus decreases—reflects $10.3 billion in authorized rate increases and

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RSS feed source: US Energy Information Administration

In-brief analysis

September 5, 2024

Utility-scale battery energy storage systems have been growing quickly as a source of electric power capacity in the United States in recent years. In the first seven months of 2024, operators added 5 gigawatts (GW) of capacity to the U.S. electric power grid, according to data in our July 2024 electric generator inventory. In 2010, only 4 megawatts (MW) of utility-scale battery energy storage was added in the United States. In July 2024, more than 20.7 GW of battery energy storage capacity was available in the United States. Battery energy storage systems provide electricity to the power grid and offer a range of services to support electric power grids. Among these services are balancing supply and demand, moving electricity from periods of low prices to periods of high prices (a strategy known as

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RSS feed source: US Energy Information Administration

In-brief analysis

September 4, 2024

U.S. exports of thermal coal to Asia and Africa surged in the first half of 2024, helping to drive overall U.S. coal exports (thermal and metallurgical) to 53 million short tons (MMst) from 49 MMst in the first half of 2023.

Exports of thermal coal from the United States to Asia increased by 19% (2.3 MMst) in the first half of 2024 compared with the same period in 2023. The increase was driven mainly by greater deliveries to India and China. India accounted for 57% of these exports to Asia in 2023 and continued to receive large amounts of U.S. thermal coal in the first half of 2024, led by industrial customers in the brickmaking sector. Chinese power companies accounted for most of the rest of the increase.

Thermal coal is generally

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RSS feed source: US Energy Information Administration

In-brief analysis

September 3, 2024

Data source: U.S. Energy Information Administration, Liquefaction Capacity File, and trade press
Note: Export capacity shown is project’s baseload capacity. Online dates of LNG export projects under construction are estimates based on trade press. LNG=liquefied natural gas; FLNG=floating liquefied natural gas

North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d in 2028, if projects currently under construction begin operations as planned. During this time, we expect developers in Mexico and Canada to place their first LNG export terminals into service and in the United States to add to existing LNG capacity. By the end of 2028, we estimate LNG export capacity will grow by 0.8 Bcf/d in Mexico, 2.5

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