You may use less electricity this summer, but that’s not necessarily completely good news. That’s coming up on This Land of Ours. The U.S. Energy Information Administration (EIA) expects a slightly cooler summer in 2023 will lead to less demand for air conditioning than in 2022. The result will slightly reduce overall electricity demand this summer because of the installation …
EIA Expects Continued High Energy Prices Through 2023
The U.S. Energy Information Administration (EIA) forecasts that a variety of U.S. energy prices will remain historically high through 2023. The outlook includes oil, natural gas, coal, and electricity, as seen in EIA’s June 2022 Short-Term Energy Outlook. EIA Administrator Joe DeCarolis says, “Although we expect the current upward pressure on energy prices to lessen, high energy prices will likely remain prevalent in …