Electricity in United States in 2023/2024

In the period from September 2023 to August 2024, the United States has been predominantly reliant on fossil fuels for electricity generation, with more than half, about 58.5%, of the electricity coming from fossil energy sources like gas and coal. Gas accounts for a significant portion, with nearly 42% of the electricity generation, while coal contributes almost 16%. In contrast, low-carbon or clean energy sources contribute about 41% of the electricity mix. Nuclear energy stands out as a substantial low-carbon source, providing close to 18% of the electricity. Wind and solar energy are significant contributors within the low-carbon category, generating roughly 10% and 6%, respectively. Hydropower holds a medium level of influence at about 5.5%, while biofuels contribute slightly over 1%, highlighting a notable clean energy presence against the dominant fossil fuels.

Suggestions

To further reduce reliance on fossil fuels and increase low-carbon electricity generation, the United States can look to expand its already robust nuclear and wind capacities. Drawing lessons from countries with similar capacities, such as France, which generates 67% of its electricity from nuclear energy, and Denmark, where wind power contributes 59%, could be particularly beneficial. Increasing investments in nuclear facilities could mean mirroring France's success, while the wind sector can learn from Denmark's advanced wind technology and infrastructure. By following these examples, the U.S. has a significant opportunity to enhance its low-carbon generation to levels comparable to those of leading nations in green technology.

History

The history of low-carbon electricity generation in the United States reflects energetic shifts over the decades. In the late 1970s, a considerable increase in nuclear energy generation was observed, with nearly 63 TWh added in both 1975 and 1977. The 1980s saw continued growth in nuclear, with significant increases in 1985 and 1988, along with steady increments in hydroelectric power in the early 1980s. However, by the late 1990s, nuclear generation saw a brief decline, swiftly recovering towards the end of the decade. The early 21st century witnessed fluctuations in hydroelectric generation, with remarkable increases in 2002 followed by a decline in 2012. More recently, nuclear energy saw a decrease in 2020, which is concerning given its role in low-carbon electricity generation. Nonetheless, wind energy showed a promising increase in 2022, underlining its growing role alongside other low-carbon sources. To ensure a sustainable and green energy future, the U.S. should prioritize maintaining and enhancing its nuclear, wind, and solar infrastructure.

Electricity Imports and Exports

Balance of Trade

Data Sources