Key Takeaways
- In 2022, U.S. net electricity generation totaled 4,178 billion kilowatthours, a 1% increase from 2021.
- Global electricity generation reached 28,671 TWh in 2022, with fossil fuels accounting for 59.5%.
- U.S. residential electricity consumption was 1,501 billion kWh in 2022, representing 38% of total use.
- In 2022, U.S. natural gas production for utilities was 34.0 trillion cubic feet.
- Global natural gas consumption hit 4,048 bcm in 2022, up 0.7%.
- U.S. residential natural gas use was 4.9 trillion cubic feet in 2022.
- In 2022, global water withdrawals totaled 4,200 km³, with utilities using 20%.
- U.S. public water supply delivered 39 trillion gallons in 2022.
- China's urban water supply reached 60 billion m³ in 2022.
- In 2022, global renewable electricity capacity reached 3,372 GW.
- U.S. solar PV capacity installed totaled 14.8 GW in 2022.
- Wind power added 77 GW globally in 2022.
- In 2022, U.S. utilities reported $272 billion in revenue.
- Global utilities market size was $1.7 trillion in 2022.
- U.S. electric utility capex was $118 billion in 2022.
Global utilities saw stable electricity growth alongside a continued transition to renewable energy sources.
Electricity
- In 2022, U.S. net electricity generation totaled 4,178 billion kilowatthours, a 1% increase from 2021.
- Global electricity generation reached 28,671 TWh in 2022, with fossil fuels accounting for 59.5%.
- U.S. residential electricity consumption was 1,501 billion kWh in 2022, representing 38% of total use.
- China's electricity generation hit 8,629 TWh in 2022, leading the world.
- In Europe, electricity demand grew by 2.5% in 2022 to 3,056 TWh.
- U.S. utility-scale solar capacity reached 71 GW by end of 2022.
- Coal-fired power plants generated 828 billion kWh in the U.S. in 2022, down 8% from 2021.
- Natural gas provided 40.3% of U.S. electricity generation in 2022.
- Nuclear power contributed 775 billion kWh to U.S. generation in 2022, 18.2% of total.
- Wind power generated 434 billion kWh in the U.S. in 2022, 10.3% share.
- U.S. electricity retail sales were 3,940 billion kWh in 2022.
- Average U.S. residential electricity price was 15.12 cents/kWh in 2022.
- Texas generated 533 billion kWh from wind in 2022, leading the nation.
- California’s electricity generation was 261 billion kWh in 2022, with 27% from renewables.
- U.S. transmission losses accounted for 5% of generated electricity in 2022.
- Peak U.S. electricity demand hit 748 GW in summer 2022.
- Europe’s electricity generation from coal rose 10% in 2022 to 1,200 TWh.
- India’s electricity generation grew 8.5% in 2022 to 1,621 TWh.
- U.S. industrial electricity use was 989 billion kWh in 2022.
- Commercial sector consumed 885 billion kWh of electricity in U.S. 2022.
- U.S. electricity exports to Canada were 32 billion kWh in 2022.
- Germany’s electricity generation fell 4% in 2022 to 505 TWh due to nuclear phaseout.
- Japan’s electricity generation was 1,015 TWh in 2022, with LNG at 32%.
- U.S. battery storage capacity added 3.8 GW in 2022.
- France generated 379 TWh from nuclear in 2022, 65% of total electricity.
- UK electricity demand was 310 TWh in 2022, down 4%.
- Brazil’s hydroelectric generation was 409 TWh in 2022, 58% of total.
- South Korea’s electricity generation reached 586 TWh in 2022.
- Australia’s coal power generated 137 TWh in 2022, 52% share.
- U.S. electricity generation from hydro was 239 billion kWh in 2022.
Electricity Interpretation
Financial/Market
- In 2022, U.S. utilities reported $272 billion in revenue.
- Global utilities market size was $1.7 trillion in 2022.
- U.S. electric utility capex was $118 billion in 2022.
- Europe's utility EBITDA fell 15% to €250 billion in 2022.
- China's State Grid revenue hit ¥2.6 trillion in 2022.
- U.S. utility stock index (XLU) returned 2.1% in 2022.
- Global utility M&A deals totaled $85 billion in 2022.
- U.S. water utility market valued at $150 billion in 2022.
- NextEra Energy's net income was $4.3 billion in 2022.
- Duke Energy revenue reached $28.8 billion in 2022.
- Southern Company's operating revenue was $29.3 billion in 2022.
- Enel Group's EBITDA was €21.7 billion in 2022.
- U.S. utility debt rose 5% to $1.2 trillion in 2022.
- India's utility investments were ₹3.5 lakh crore in 2022.
- Dominion Energy net income $3.4 billion in 2022.
- Global utility dividends paid $200 billion in 2022.
- U.S. gas utility revenue $120 billion in 2022.
- Iberdrola's profit hit €4.9 billion in 2022.
- U.S. utility ROE averaged 9.8% in 2022.
- EDF's revenue was €143 billion in 2022.
- Australia's AGL Energy revenue AUD$11.8 billion in 2022.
- U.S. renewable project financing $40 billion in 2022.
- National Grid's operating profit £3 billion in 2022.
- U.S. utility customer count 165 million electric in 2022.
- RWE's EBITDA €5.1 billion in 2022.
- Global utility bonds issued $300 billion in 2022.
- American Water Works revenue $4.1 billion in 2022.
- U.S. utility credit ratings stable for 85% in 2022.
Financial/Market Interpretation
Natural Gas
- In 2022, U.S. natural gas production for utilities was 34.0 trillion cubic feet.
- Global natural gas consumption hit 4,048 bcm in 2022, up 0.7%.
- U.S. residential natural gas use was 4.9 trillion cubic feet in 2022.
- Europe's natural gas imports fell 40% in 2022 to 326 bcm.
- Russia exported 175 bcm of pipeline gas to Europe in 2022, down from 2021.
- U.S. LNG exports reached 11.9 bcfd in 2022, a record.
- China's natural gas consumption grew 9% to 364 bcm in 2022.
- Average Henry Hub spot price was $6.45/MMBtu in 2022.
- U.S. natural gas storage inventories peaked at 3,761 bcf in 2022.
- Qatar's LNG production was 77 mtpa in 2022.
- Australia's natural gas exports hit 81 mtpa LNG in 2022.
- U.S. industrial natural gas consumption was 10.5 tcf in 2022.
- Pipeline capacity from Permian Basin expanded 5 bcfd in 2022.
- Japan's LNG imports were 66 mt in 2022.
- Canada exported 8.5 bcfd natural gas to U.S. in 2022.
- U.S. natural gas-fired power generation was 1,682 billion kWh in 2022.
- Norway's gas exports to Europe were 122 bcm in 2022.
- U.S. rig count for natural gas averaged 130 in 2022.
- Global LNG trade volume was 404 mt in 2022.
- Iran's natural gas production was 256 bcm in 2022.
- U.S. commercial natural gas use was 3.3 tcf in 2022.
- Algeria exported 52 bcm gas via pipeline in 2022.
- U.S. natural gas imports from Canada dropped 3% to 8.4 bcfd in 2022.
- Turkmenistan's gas exports rose to 32 bcm in 2022.
- Average U.S. citygate price was $7.30/MMBtu in 2022.
- Nigeria's LNG exports were 22 mtpa in 2022.
- U.S. shale gas production was 24.5 tcf in 2022.
- Egypt became net gas exporter with 9 bcm surplus in 2022.
- Global natural gas production grew 3.7% to 4,078 bcm in 2022.
Natural Gas Interpretation
Renewables
- In 2022, global renewable electricity capacity reached 3,372 GW.
- U.S. solar PV capacity installed totaled 14.8 GW in 2022.
- Wind power added 77 GW globally in 2022.
- EU renewable share in electricity was 42% in 2022.
- China's renewable capacity hit 1,213 GW in 2022.
- U.S. wind capacity reached 141 GW by end-2022.
- Global hydro capacity was 1,296 GW in 2022.
- India's renewable additions were 13.1 GW in 2022.
- Brazil's wind generation was 72 TWh in 2022.
- Offshore wind capacity globally was 35 GW in 2022.
- U.S. utility-scale solar generation was 205 TWh in 2022.
- Germany's renewable electricity production rose 7% to 252 TWh in 2022.
- Global green hydrogen projects reached 347 in 2022.
- Australia's rooftop solar was 3.7 GW added in 2022.
- Vietnam's solar boom added 11 GW in 2022.
- U.S. renewable electricity share was 22% in 2022.
- Morocco's Noor solar complex generated 1.8 TWh in 2022.
- Denmark's wind share hit 55% of electricity in 2022.
- Global CSP capacity was 6.6 GW in 2022.
- Chile's solar PV reached 7 GW in 2022.
- U.S. geothermal generation was 15.8 TWh in 2022.
- South Africa's REIPPPP added 2.5 GW renewables in 2022.
- Global battery storage for renewables was 25 GW in 2022.
- Portugal's renewables covered 61% of electricity in 2022.
- U.S. distributed solar capacity was 28 GW cumulative in 2022.
- Global bioenergy capacity was 145 GW in 2022.
Renewables Interpretation
Water Supply
- In 2022, global water withdrawals totaled 4,200 km³, with utilities using 20%.
- U.S. public water supply delivered 39 trillion gallons in 2022.
- China's urban water supply reached 60 billion m³ in 2022.
- Europe’s wastewater treatment covered 95% of population in 2022.
- U.S. average residential water use was 82 gallons per capita daily in 2022.
- India's water utility investments hit $10 billion in 2022.
- Global desalination capacity was 95 million m³/day in 2022.
- U.S. wastewater treatment plants numbered 14,748 in 2022.
- Australia's per capita water use fell to 79 liters/day in 2022.
- Brazil's water losses in distribution were 39% in 2022.
- U.S. utility water rates rose 4% on average in 2022.
- UK's water leakage rate was 24% of supply in 2022.
- Japan's wastewater treatment rate was 80% in 2022.
- Global investment in water infrastructure was $142 billion in 2022.
- U.S. industrial water withdrawal was 15 billion gallons/day in 2022.
- France's drinking water quality met standards for 98% in 2022.
- South Africa's water supply coverage was 82% urban in 2022.
- Mexico City's water deficit was 40% in 2022.
- Germany's per capita water consumption was 127 liters/day in 2022.
- U.S. lead pipe replacements targeted 6 million by 2022 progress.
- Saudi Arabia's desalination produced 30% of water in 2022.
- Canada's wastewater effluent standards met by 75% plants in 2022.
- Italy's water tariffs averaged €2.00/m³ in 2022.
- Thailand's urban water coverage reached 95% in 2022.
- Global bottled water consumption was 600 billion liters in 2022.
- U.S. thermoelectric power water withdrawal was 133 billion gal/day in 2022.
- Spain's reuse of treated wastewater was 10% in 2022.
- U.S. water utility revenue was $58 billion in 2022.
Water Supply Interpretation
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