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The EIA and FERC findings

Adrienne SorensenAugust 23, 2018 240 0

The EIA and FERC findings 

Reports published by the US Government’s own Energy Information Administration (EIA) and the Federal Energy Regulatory Commission’s (FERC) display that coal and nuclear continue their decrease across the nation, while renewables energy continues to skyrocket with longevity replace the reach of traditional generators. We’ll review the findings from the EIA and FERC. 
 

 Wonderful news for the solar industry 

The EIA published its “Electric Power Monthly” report and its “Short-Term Energy Outlook” this month, while FERC published its “Energy Infrastructure Update.” With the two reports combined, this is wonderful news for the renewables industry and not so good news for the the country’s coal and nuclear industries. The coal and nuclear industries are declining. The nations clean energy resources such as solar provide more electricity than nuclear power in over half the states and more electricity than coal in a third of the states. In addition, according to data by Ken Bossong of the Sun Day Campaign, over the next three years  the  coal sector will have a net-loss of 15,898 megawatts (MW) and the nuclear sector will only see a net-increase of 756 MW. Conversely, utility-scale solar energy capacity is expected to be 156,981 MW over the same time period, led by wind energy with nearly 91 gigawatts (GW) and solar with over 52 GW. Based on these finding, the clean energy capacity will continuously increase overtime.
 

Clean energy train has left the station
 
“EIA and FERC data underscore that the renewable energy train has left the station,” noted Ken Bossong, Executive Director of the SUN DAY Campaign. “Trying to reverse that situation with costly subsidies for environmentally-polluting nuclear power and coal defies common sense.” “Nuclear and coal simply can’t compete with renewable energy,” said Tim Judson, Executive Director of the Nuclear Information and Resource Service. “Renewables will be generating more power than nuclear by 2020, and nuclear is poised for the same precipitous decline as coal in the coming years.” Clean energy generation over the first five months this year yielded about 20.17% of the electrical generation, while nuclear produced 20.14%. 

The only negative from these publishings is that the EIA downgraded its forecast utility-scale solar capacity additions for 2019 from 11.4 GW to 6.3 GW “As a result of incoming data reported in the Annual Electric Generator survey.” This will be combined with about 3.94 GW worth of residential, commercial, and industrial solar. This  brings the grand total 2019 expected solar capacity additions up to 10.3 GW. This is a 7% increase  on the 9.58 GW expected to come. 

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