U.S. Power Generation Monthly

Highlights:

• EnerWrap wrangles daily EIA power generation data to provide early insights into U.S. monthly power generation data

• Total power generation in October 2024 was 322 Twh, up 2.3% versus last year and down 6.8% versus September as mild weather impacted power demand

• Solar generation was up 43.6% compared to last year, gas was up 5.0% and wind 9.8%

• Nuclear power generation was down 5.9% and coal was down 7.3% compared with October 2023

• Natural gas had 42.2% market share in October 2024 - for comparison that was 38.9% in October 2019

• Over the same 2019 - 2024 timeframe, coal share in October slipped from 21.3% to 15.0%

• Natural gas is largely displacing coal as renewables provide supply for increased demand

October 2024 market share by fuel source:

Solar was up 44% in October compared to last year.

Solar saw seasonal declines despite the large year-over-year increase.

Coal power in the U.S. continues to decline.

Wind share came roaring back as hotter weather moderated improving winds.

Natural gas generation continues to increase.

Natural gas market share remains historically high at 42%.

Gas remains the dominant fuel source in U.S. power markets.