Gas

U.S. natural-gas fired plant additions to increase again in 2023, EIA says

New U.S. natural gas-fired capacity additions are expected to total 8.6 GW in 2023, according to the U.S. Energy Information Administration (EIA).

New U.S. natural gas-fired capacity additions are expected to total 8.6 GW in 2023, according to the U.S. Energy Information Administration (EIA).

16 natural gas-fired plants are expected to come online this year, EIA said in its Monthly Electric Generator Inventory. This includes both combined-cycle and simple-cycle plants concentrated near the Gulf Coast and Appalachia regions, as well as in Florida. Ten of these plants have already come online.

In 2022, 11 natural gas-fired power plants came online, adding 5.6 GW of capacity. Total natural gas-fired capacity additions increased in both 2022 and 2023 after declines in the previous three consecutive years.

EIA expects 20 new gas-fired power plants to come online in 2024 and 2025, with a total capacity of 7.7 GW.

During 2022 and 2023, a total of 13 new combined-cycle plants will have entered service. The average output for each of the plants in 900 MW of electric generating capacity. EIA expects 4.9 GW of additional CCGT additions in 2024 and 2025

During 2022 and 2023, 14 simple-cycle plants will have begun operations. The average output for each of the plants is almost 140 MW of electric generating capacity. Over half of the new SCGT capacity coming online in 2022 and 2023 is located in Texas, which has periods of high daily peak electricity demand throughout the summer and has had significant growth in renewable energy during the last few years.

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