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data-element_type="column" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-background-overlay"></div> <div class="elementor-element elementor-element-7938ce9a animated-fast elementor-invisible elementor-widget elementor-widget-heading" data-id="7938ce9a" data-element_type="widget" data-settings="{"_animation":"fadeIn"}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h1 class="elementor-heading-title elementor-size-default">EIA expects record-high power consumption this year</h1> </div> </div> <div class="elementor-element elementor-element-33c3be92 animated-fast elementor-align-right elementor-mobile-align-center elementor-invisible elementor-widget elementor-widget-post-info" data-id="33c3be92" data-element_type="widget" data-settings="{"_animation":"fadeIn"}" data-widget_type="post-info.default"> <div class="elementor-widget-container"> <ul 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class="elementor-post-info__terms-list-item">September 2024</a> </span> </span> </li> </ul> </div> </div> <div class="dce-fix-background-loop elementor-element elementor-element-62b7282f elementor-widget-mobile__width-auto elementor-widget elementor-widget-dyncontel-acf-relation" data-id="62b7282f" data-element_type="widget" data-widget_type="dyncontel-acf-relation.default"> <div class="elementor-widget-container"> <div class="dce-acf-relationship-natural"> <div data-elementor-type="archive" data-elementor-id="27704" class="elementor elementor-27704 dce-elementor-rendering-id-1 elementor-location-single" data-elementor-post-type="elementor_library"> <section class="elementor-section elementor-top-section elementor-element elementor-element-3b5372b9 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle" data-id="3b5372b9" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-145d1cf9" data-id="145d1cf9" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-7969c351 elementor-widget__width-auto elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading" data-id="7969c351" data-element_type="widget" data-widget_type="theme-post-title.default"> <div class="elementor-widget-container"> <div class="elementor-heading-title elementor-size-default"><a href="https://icl.coop/icl-author/victoria-a-rocha-nreca/">Victoria A. Rocha, NRECA</a></div> </div> </div> </div> </div> </div> </section> </div> </div> </div> </div> <div class="elementor-element elementor-element-4257270e elementor-view-stacked elementor-shape-square elementor-widget__width-auto elementor-absolute elementor-hidden-phone animated-slow elementor-invisible elementor-widget elementor-widget-icon" data-id="4257270e" data-element_type="widget" data-settings="{"_position":"absolute","_animation":"fadeInDown","_animation_delay":"500"}" data-widget_type="icon.default"> <div class="elementor-widget-container"> <div class="elementor-icon-wrapper"> <a class="elementor-icon" href="#postcontent"> <i aria-hidden="true" class="fas fa-chevron-down"></i> </a> </div> </div> </div> </div> </div> <div data-dce-background-color="#EDEDED" data-dce-background-image-url="https://icl.coop/wp-content/uploads/2021/06/transmission-lines_10005800.jpg" class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-694fef7d" data-id="694fef7d" data-element_type="column" id="eg-featured-image" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-1faa1b5a elementor-widget elementor-widget-spacer" data-id="1faa1b5a" data-element_type="widget" data-widget_type="spacer.default"> <div class="elementor-widget-container"> <div class="elementor-spacer"> <div class="elementor-spacer-inner"></div> </div> </div> </div> </div> </div> </div> </section> <section data-dce-background-color="#FFFFFF" class="elementor-section elementor-top-section elementor-element elementor-element-5ffa9a8e elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="5ffa9a8e" data-element_type="section" id="postcontent" data-settings="{"background_background":"classic"}"> <div class="elementor-container elementor-column-gap-no"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31b64860" data-id="31b64860" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-6c463e79 elementor-widget elementor-widget-theme-post-content" data-id="6c463e79" data-element_type="widget" data-widget_type="theme-post-content.default"> <div class="elementor-widget-container"> <p>In the wake of a record-breaking heat wave, total power consumption is expected to hit new highs nationwide in 2024, according to the Energy Information Administration (EIA).</p> <p>In its latest Short-Term Energy Outlook, EIA expects demand will be about 2% higher during the second half of this year compared to the same period in 2023. Total consumption is expected to reach 4,123 billion kilowatt-hours (kWh) in 2024, compared to 4,000 billion kWh in 2023.</p> <p>The agency projects even higher demand in 2025 — 4,197 billion kWh. Among the factors driving high electricity demand is the rapid development of data centers and cryptocurrency mining operations, according to a recent edition of EIA’s Today in Energy.</p> <p>July’s Short-Term Energy Outlook said that demand spikes will drive natural gas prices 36% higher in the second half of 2024 compared to the first half — a trend that will likely lead utilities to lean on less expensive fuel sources, including coal and solar.</p> <p>EIA expects 42% more electricity generation from solar, 6% more from wind, 4% more from hydropower and 3% more from coal for the second half of 2024 compared to the same period last year.</p> <p>During the first half of 2024, electricity generation grew 5% as more Americans cranked up their air conditioners to cope with hotter-than-normal temperatures, the report said.</p> <p>“The increase in electricity demand paired with a decrease in natural gas generation creates a gap between the power we need, and the power being produced,” EIA Administrator Joe DeCarolis said in a press release.</p> </div> </div> <div class="elementor-element elementor-element-364b32bf elementor-widget elementor-widget-post-navigation" data-id="364b32bf" data-element_type="widget" data-widget_type="post-navigation.default"> <div class="elementor-widget-container"> <div class="elementor-post-navigation"> <div class="elementor-post-navigation__prev elementor-post-navigation__link"> <a href="https://icl.coop/nreca-awarded-grant-to-reduce-ev-charging-station-installation-costs/" rel="prev"><span class="elementor-post-navigation__link__prev"><span class="post-navigation__prev--label">Previous Article</span></span></a> </div> <div class="elementor-post-navigation__next elementor-post-navigation__link"> <a href="https://icl.coop/lineworker-scholarship-recipient-announced/" rel="next"><span class="elementor-post-navigation__link__next"><span class="post-navigation__next--label">Next Article</span></span></a> </div> </div> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-4fd4d0c1 elementor-section-full_width elementor-section-items-stretch elementor-section-content-bottom elementor-section-height-min-height elementor-section-height-default" data-id="4fd4d0c1" data-element_type="section"> <div class="elementor-container elementor-column-gap-no"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4f1e4c7c" data-id="4f1e4c7c" data-element_type="column" data-settings="{"background_background":"classic"}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-11f55307 elementor-invisible elementor-widget elementor-widget-heading" data-id="11f55307" data-element_type="widget" data-settings="{"_animation":"fadeInUp"}" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title 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