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U.S. Electrical Generation to Decline in 2017

May 11, 2017

Total U.S. electrical generation is set to fall 1.2 percent in 2017 before rebounding by 1.9 percent the next year, according to the latest short-term energy forecast from the Energy Information Administration.

Even with the decline, residential electricity prices are expected to increase 2.4 percent in 2017 and another 2.3 percent in 2018.

Coal production is predicted to increase five percent this year, due mainly to exports. Coal-fired generation will lead to a one percent increase in production in 2018. Coal prices are expected to increase from $2.11/MMBtu last year to $2.16/MMBtu in 2017 and $2.22/MMBtu in 2018.

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