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EIA Forecasts Record Natural Gas Consumption in U.S. Power Sector in 2027

2026-07-07 16:21:58

NG-1.01%

According to the U.S. Energy Information Administration (EIA) short-term energy outlook released by Jin10 Data on July 8, natural gas consumption in the American power sector is forecast to hit a record level next year, driven by rising overall electricity demand, expanded natural gas generation capacity, and relatively low natural gas prices. The EIA predicts economy-wide natural gas demand will rise slightly this year and grow 3 percent in 2027. Wholesale electricity prices are expected to average approximately $45 per megawatt-hour this summer, down from last year, primarily due to lower natural gas costs at power plants, though summer heat waves could still cause price spikes.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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