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Higher Natural Gas Prices Slow Coal’s Generation Decline

Natural Gas Intelligence · last updated

Elevated natural gas prices in the wake of Winter Storm Fern are slowing the decline of U.S. coal-fired generation, even as solar continues to lead gains in electricity growth, according to updated federal forecasts.

EIA chart titled U.S. Monthly Electric Power Sector Generation by Source shows Dec 2023-2027 forecast trends with natural gas dominant, coal declining and wind, hydropower, solar increasing seasonally.

At A Glance:

  • Coal decline slows to 6% in 2026
  • Gas burns projected to hold flat this year
  • Solar generation to surge 17%

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