Current Energy Market Trends

The energy industry is poised for transformation in 2018 and beyond.

Current energy market trends.

Here are the key trends that will shape the e u industry. Renewable energy industry primed for continued growth. As a plant manager the most important way to prepare for this change is to identify opportunities that these energy industry trends present before they disrupt your business. Energy storage will disrupt consumption patterns.

1 in the first half of 2019 wind and solar together accounted for approximately 50 percent of total us renewable electricity generation displacing hydroelectric power s dominance. 2019 promises to be an exciting year for renewable energy. In an industry used to the highs and lows of economic and commodity price cycles 2020 poses great challenges to oil and gas companies. Energy information administration eia collects analyzes and disseminates independent and impartial energy information to promote sound policymaking efficient markets and public understanding of energy and its interaction with the economy and the environment.

The evolving trends are already visible in the form of smarter grids greener and cleaner sources of energy greater customer choices and the resultant empowerment. Learn about eia and energy department organizations that track energy prices and trends. For the first time ever in april 2019 renewable energy outpaced coal by providing 23 percent of us power generation compared to coal s 20 percent share. Find information about the energy sector and industry performance in the u s.