Key Takeaways
- In 2022, U.S. net electricity generation totaled 4.243 trillion kWh.
- Global electricity generation reached 28,705 TWh in 2022.
- Coal accounted for 35.4% of global electricity generation in 2022.
- U.S. residential sector consumed 1.49 trillion kWh in 2022.
- Global electricity consumption was 27,000 TWh in 2022.
- Commercial sector used 1.36 trillion kWh in U.S. 2022.
- U.S. grid spans 200,000 miles of transmission lines.
- Global high-voltage transmission lines total 1.5 million km.
- U.S. distribution lines exceed 1 million miles.
- U.S. average retail electricity price was 15.12 cents/kWh in 2022.
- Global average electricity price was $0.15/kWh in 2022.
- Germany's residential price reached €0.40/kWh in 2022.
- Renewables capacity investments hit $500 billion globally in 2022.
- Global renewable electricity generation grew 10% to 8,300 TWh in 2022.
- Solar PV capacity additions were 269 GW worldwide in 2022.
The global electric industry still depends on coal despite strong renewable growth worldwide.
Electricity Consumption
- U.S. residential sector consumed 1.49 trillion kWh in 2022.
- Global electricity consumption was 27,000 TWh in 2022.
- Commercial sector used 1.36 trillion kWh in U.S. 2022.
- Industrial sector consumed 1.02 trillion kWh in U.S. 2022.
- U.S. per capita electricity consumption was 12,491 kWh in 2022.
- China's electricity consumption grew 7% to 8,600 TWh in 2022.
- EU electricity demand fell 3.5% in 2022 to 2,600 TWh.
- India's per capita electricity use was 1,181 kWh in 2022.
- U.S. transportation sector used 0.01 trillion kWh in 2022.
- Global residential electricity use was 5,800 TWh in 2022.
- U.S. summer peak demand hit 750 GW in 2022.
- Japan's electricity consumption was 910 TWh in 2022.
- Brazil's electricity use grew 2.8% to 566 TWh in 2022.
- Germany's industrial electricity demand dropped 8% in 2022.
- U.S. electricity sales totaled 3.94 trillion kWh in 2022.
- UK's electricity consumption was 300 TWh in 2022.
- South Korea's electricity use was 555 TWh in 2022.
- Russia's electricity consumption was 1,100 TWh in 2022.
- France's electricity demand was 450 TWh in 2022.
- Global commercial electricity use was 6,200 TWh in 2022.
- U.S. average monthly residential use was 877 kWh in 2022.
- Australia's electricity consumption was 265 TWh in 2022.
- Canada's electricity use per capita was 15,000 kWh in 2022.
- Mexico's electricity consumption was 320 TWh in 2022.
- Saudi Arabia's electricity use was 370 TWh in 2022.
- U.S. transmission losses were 5% of generation in 2022.
Electricity Consumption Interpretation
Electricity Generation
- In 2022, U.S. net electricity generation totaled 4.243 trillion kWh.
- Global electricity generation reached 28,705 TWh in 2022.
- Coal accounted for 35.4% of global electricity generation in 2022.
- Natural gas generated 23% of U.S. electricity in 2022.
- Renewables made up 21% of U.S. electricity generation in 2022.
- Nuclear power provided 18% of U.S. electricity in 2022.
- Solar photovoltaic generation in the U.S. grew 26% in 2022.
- Wind power generated 10.3% of U.S. electricity in 2022.
- Hydroelectricity contributed 6% to U.S. generation in 2022.
- In 2022, Asia accounted for 52% of global electricity generation.
- Biomass generated 1.5% of U.S. electricity in 2022.
- Geothermal power made up 0.4% of U.S. electricity in 2022.
- U.S. utility-scale solar capacity reached 71 GW in 2022.
- Global hydropower generation was 4,240 TWh in 2022.
- EU electricity generation from renewables hit 44% in 2022.
- China's coal-fired generation was 5,580 TWh in 2022.
- India's electricity generation grew 9% to 1,621 TWh in 2022.
- U.S. net summer capacity was 1,187 GW in 2022.
- Global electricity demand increased 2.6% in 2022.
- France's nuclear generation fell 17% in 2022 to 280 TWh.
- U.S. battery storage capacity added 3.8 GW in 2022.
- UK's gas generation share was 38% in 2022.
- Brazil's hydro share was 58% of generation in 2022.
- Japan's solar generation reached 105 TWh in 2022.
- Germany's wind generation was 142 TWh in 2022.
- U.S. coal generation declined 8% in 2022 to 828 billion kWh.
- Global nuclear generation was 2,656 TWh in 2022.
- Canada's hydro generation was 376 TWh in 2022.
- Australia's coal generation was 167 TWh in 2022.
- South Africa's electricity generation was 236 TWh in 2022, mostly coal.
Electricity Generation Interpretation
Market and Pricing
- U.S. average retail electricity price was 15.12 cents/kWh in 2022.
- Global average electricity price was $0.15/kWh in 2022.
- Germany's residential price reached €0.40/kWh in 2022.
- U.S. industrial price averaged 8.45 cents/kWh in 2022.
- Wholesale prices in Texas spiked to $5,000/MWh in 2022.
- UK's average bill rose 54% to £2,500/year in 2022.
- China's industrial electricity price was ¥0.65/kWh in 2022.
- EU wholesale prices averaged €200/MWh in 2022.
- U.S. residential prices up 7% in 2022 to $1,400/year.
- India's average tariff was ₹7.50/kWh in 2022.
- Japan's retail price was ¥30/kWh in 2022.
- Brazil's residential price averaged R$0.85/kWh in 2022.
- Australia's NEM wholesale price averaged AUD 100/MWh in 2022.
- France's regulated tariff was €0.23/kWh in 2022.
- Russia's average price was 4.5 rubles/kWh in 2022.
- South Africa's tariff increased 18% to ZAR 1.61/kWh in 2022.
- U.S. PJM capacity market cleared at $268/MW-day in 2022.
- Global electricity market revenue was $3 trillion in 2022.
- Canada's Ontario wholesale price averaged CAD 90/MWh in 2022.
- Mexico's average price was MXN 1.80/kWh in 2022.
- Saudi Arabia's subsidized price is SAR 0.18/kWh.
- Global spot prices rose 50% in 2022 due to gas crisis.
- U.S. renewables share of generation lowered wholesale prices by 5%.
Market and Pricing Interpretation
Sustainability and Renewables
- Renewables capacity investments hit $500 billion globally in 2022.
- Global renewable electricity generation grew 10% to 8,300 TWh in 2022.
- Solar PV capacity additions were 269 GW worldwide in 2022.
- Wind capacity added 77 GW globally in 2022.
- U.S. renewable share reached 22% of generation in 2022.
- EU renewables generated 2,500 TWh, 44% of total in 2022.
- China's renewable capacity hit 1,266 GW in 2022.
- Global battery storage capacity reached 45 GW in 2022.
- Offshore wind capacity added 7.5 GW worldwide in 2022.
- U.S. solar capacity tripled since 2015 to 130 GW in 2022.
- Hydropower capacity totaled 1,296 GW globally in 2022.
- Green hydrogen projects reached 347 globally in 2022.
- Bioenergy generation was 650 TWh globally in 2022.
- Geothermal capacity was 15.4 GW worldwide in 2022.
- India's renewable capacity reached 170 GW in 2022.
- Corporate PPAs for renewables hit 25 GW globally in 2022.
- U.S. EV charging points reached 130,000 in 2022.
- Brazil's wind capacity was 25 GW in 2022.
- Global CSP capacity was 7.5 GW in 2022.
- UK's renewable share hit 48% in electricity in 2022.
- Australia added 3 GW solar rooftop in 2022.
- Global renewable jobs totaled 12.7 million in 2022.
- Vietnam's solar boom added 11 GW in 2022.
- U.S. wind capacity reached 141 GW in 2022.
- EU reduced CO2 from power by 8% in 2022.
Sustainability and Renewables Interpretation
Transmission and Distribution
- U.S. grid spans 200,000 miles of transmission lines.
- Global high-voltage transmission lines total 1.5 million km.
- U.S. distribution lines exceed 1 million miles.
- EU has 34 interconnection points between member states.
- China's UHVDC lines total 37,000 km in 2022.
- U.S. added 1,200 miles of transmission lines in 2022.
- Global T&D losses average 8% of generation.
- India's transmission network is 450,000 ckm.
- U.S. transformer capacity is bottleneck for 20 GW renewables.
- Brazil's transmission lines total 150,000 km.
- UK's onshore transmission capacity is 30 GW.
- Japan has 240 GW of transmission capacity.
- Australia’s NEM interconnects 5 states with 40,000 km lines.
- U.S. microgrids number over 500 in 2022.
- Global submarine cables for power total 200,000 km.
- Germany's grid expansion plan adds 7,800 km by 2030.
- South Africa's transmission network is 30,000 km.
- U.S. HVDC lines total 2,000 miles.
- France interconnects with 8 countries via 100 links.
- Saudi Arabia's grid capacity is 80 GW.
- Canada's transmission lines total 160,000 km.
- Russia's Unified Grid spans 2.4 million km.
Transmission and Distribution Interpretation
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