NEI Energy Markets Report (May 8th - 12th)

Here's a summary of what went on in the energy markets last week:

Electricity consumption is expected to increase only slightly in 2006 (0.1 percent) in response to weak heating-related demand this past January and the lower expected cooling-related demand this summer, compared to 2005.

Electric power sector consumption of coal is projected to be flat in 2006 and increase by 2.5 percent in 2007. Power sector demand for coal continues to increase in response to high natural gas and oil prices.

With weak electric heating load due to the warm January and much weaker expected cooling load this summer compared to 2005, the consumption of natural gas for generation of electricity is expected to fall by 2.8 percent in 2006, then increase by 2.3 percent in 2007 (see page 8).

For the report click here (pdf). It is also located on NEI's Nuclear Statistics webpage. Technorati tags: Nuclear Energy, Nuclear Power, Electricity, Environment, Energy, Natural Gas, Coal, Oil