Weekly Observations
- U.S. electricity consumption in April is tracking about 4% above year ago levels
- Keying in on this past week, both coal and gas generation increased while wind and solar took a step back (a departure from the y/y trend)
- Wind in particular has been pretty weak over the past couple of weeks, causing wind generation as a percent of the U.S. supply stack to drop 400bps in the past 30 days to 10%
- Solar is chipping away at gains in the total U.S. usage gen mix from a small base of 3%, moving meaningfully higher y/y (April tracking +36% y/y)
- In terms of geo-markets, April electricity demand has been strongest in the Southeast, Midcon, NE/Atlantic and Florida in that order with Florida down y/y and ERCOT up less than 3% y/y
- Visit the Lium Power Consumption model for interactive forecasts
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