Electric power generation and distribution revenue in the U.S. 2010-2022
In what is a continuation of the post-recession trend, electric power generation and distribution revenues have been falling gradually after 2014, with the same trend expected to continue over the medium term as well. Interestingly, electricity generation by utility companies in the country has also fallen over the period 2010-2018. This is despite an increase in the country’s average temperature which measured about 53.53 degrees Fahrenheit (11.96 °C) in 2018, around 1.5°F higher than the 20th century average.
Displacement of coal-fired generation
One of the major industry trends over the last twenty years or so has been the rapid displacement of coal-fired electricity generation, which has almost halved during the decade leading up to 2018. Instead, there has been a notable shift towards wind and solar electricity generation, both of which have experienced exponential growth over the period 2008 and 2018. While electricity generated from wind has increased five-fold, solar power increased a massive 664 times.
US companies among the world’s largest
Nextra Energy, Duke Energy and Dominion Resources are not only the three largest gas and electric utilities in the U.S. but are among the . In fact, six companies out of the top 10 globally are headquartered in the U.S.
Displacement of coal-fired generation
One of the major industry trends over the last twenty years or so has been the rapid displacement of coal-fired electricity generation, which has almost halved during the decade leading up to 2018. Instead, there has been a notable shift towards wind and solar electricity generation, both of which have experienced exponential growth over the period 2008 and 2018. While electricity generated from wind has increased five-fold, solar power increased a massive 664 times.
US companies among the world’s largest
Nextra Energy, Duke Energy and Dominion Resources are not only the three largest gas and electric utilities in the U.S. but are among the . In fact, six companies out of the top 10 globally are headquartered in the U.S.
