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EIA Predicts a 2.4 Percent Electricity Consumption Increase in 2022

The United States has actually also consumed more natural gas to satisfy electricity demand so far this summer season than the previous five-year average. Continued need for natural gas to create electricity has contributed to relatively high rates for natural gas, even as more natural gas gets in the domestic market due to the June shutdown of the Freeport melted natural gas terminal. EIA anticipates U.S. residential electrical power prices will be 6.1% greater in 2022, mainly as an outcome of high natural gas prices.

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