Competing renewables and expected higher natural gas prices have prompted the US Energy Information Administration to forecast that natural gas consumption in the power sector will fall 3.2% in 2021 after witnessing slower growth in 2020. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The agency, in its January Short-Term Energy Outlook, said electric generation consumed an average 31 Bcf/d in 2019, up 7% from 2018 because of new gas-fired generation capacity and competitive gas prices. Declining power sector consumption in 2021 reflects competition amid continuing renewables capacity additions, the outlook said. The slowing consumption “also reflects a forecast of higher natural gas spot prices in 2021 compared with 2020, which would make natural gas less competitive against coal in power […]