EIA: Increasing Renewables likely to Reduce Coal and Natural Gas Generation over Next Two Years

In the Energy Information Agency’s latest Short-Term Energy Outlook, they expect that increased U.S. power generation from new renewables capacity—primarily wind and solar—will reduce generation from coal-fired and natural gas-fired power plants in 2023 and 2024. With the new solar and wind projects coming online this year, the EIA forecasts these two energy sources will…