EIA: U.S. Coal Stockpiles Lowest Since 1978
The U.S. Energy Information Administration (EIA) recently said it expected coal-fired power generation in 2021 to be 22% higher than in 2020, producing the first year-over-year increase in U.S. electricity generation from coal since 2014. That higher generation, though, has reduced inventories of coal at the nation’s power plants, with EIA on Dec. 7 reporting its most recent accounting of coal stockpiles showed inventories at their lowest level in more than 40 years.
The agency on Tuesday said coal-fired generation this year has been buoyed by mostly stable prices for coal, while the price of natural gas moved higher. The EIA reported coal stockpiles at U.S. plants totaled about 80 million tons at the end of September (Figure 1), the lowest level since March 1978. The agency said that while the increased use of coal this year is a factor, it also said stockpiles have fallen over the past several years as more U.S. coal-fired plants have been retired, and remaining coal plants are operated less often, reducing the need for larger inventories.…