Renewable energy sources top coal for a record 40 days
A report from the Institute for Energy Economics and Financial Analysis (IEEFA) found that for the first time electricity generated by renewable sources like solar, wind and hydro has exceeded coal-fired power in the United States for a record 40 straight days.
The report is based on data from the U.S. Energy Information Administration dating back to late March. The report found that there was a seasonal boost for renewable energy sources alongside an overall slump in electricity demand caused by COVID-19-related stay-at-home orders. According to the IEEFA, coal tends to be the first power source to be cut by utilities when demand falls because subsidized renewable sources are cheaper to operate and often backed by state clean-energy mandates.
Reuters reported that the Department of Energy has warned that an over-reliance on solar and wind power can reduce the dependability of the grid because its generation is intermittent, and that fossil fuel plants that can store fuel on site are more reliable.
Every day between March 25 and May 3, solar, wind and hydro plants together produced more electricity than the nation’s coal-fired plants - accounting for about a fifth of the grid’s power, IEEFA said. The longest back-to-back stretch previously was nine days in 2019. In total in 2019, renewables beat coal on just 38 days, IEEFA said.
IEEFA added it is possible that renewable energy in the United States could exceed coal on an annual basis for the first time this year, a year earlier than it initially forecast, if the power consumption trends caused by the health crisis continue.
Overall U.S. electricity consumption is projected to fall 3 percent this year, largely due to reduced demand from the commercial and industrial sectors, according to the EIA. Residential demand is also expected to fall due to milder winter and summer weather.
Coal-fired power demand is forecast to take a disproportionate hit, falling 20 percent this year, EIA has said. Renewable energy generation, meanwhile, will grow 11 percent because it is dispatched by grid operators whenever it is available because of its low operating cost, EIA forecasts.
Large amounts of wind and solar capacity are also being added to the grid as governments and businesses seek cleaner power sources, often replacing retiring coal plants.