{"id":34899,"date":"2023-01-04T10:56:00","date_gmt":"2023-01-04T18:56:00","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=34899"},"modified":"2026-02-22T15:42:25","modified_gmt":"2026-02-22T23:42:25","slug":"eia-updates-2","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/eia-updates-2\/","title":{"rendered":"EIA Updates"},"content":{"rendered":"\n

This is the latest of our periodic updates on the U.S. Energy Information Administration (EIA), the U.S. Department of Energy\u2019s statistical and analytical agency. EIA collects, analyzes, and disseminates energy information for the benefit of energy policymakers, analysts and consumers.<\/p>\n\n\n

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Winter costs on the rise<\/strong><\/strong><\/p>\n\n\n\n

The EIA expects higher wholesale electricity prices this winter in every region of the country, with increases ranging from 33% higher in California to more than 60% in the mid-Atlantic and Central regions.<\/p>\n\n\n\n

Electricity price could peak more than three times higher in New England than elsewhere in the U.S., due to limited pipeline capacity for liquefied natural gas coupled with stronger global demand for LNG.<\/p>\n\n\n\n

In one encouraging sign for consumers, the EIA does not \u201cexpect retail electricity prices to increase as much wholesale prices this winter,\u201d said Administrator Joe DeCarolis.<\/p>\n\n\n\n

Batteries on growth curve through \u201825<\/strong><\/strong><\/p>\n\n\n\n

Developers and power plant owners plan to significantly increase utility-scale battery storage capacity in the U.S., reaching 30 gigawatts by the end of 2025. Batteries store extra energy produced by intermittent resources such as wind and solar.<\/p>\n\n\n\n

Battery storage capacity in the U.S., negligible prior to 2020, grew to 7.8 GW by October 2022, with 1.4 GW more capacity expected by the end of the year and an additional 20.8 GW through 2025, more than 75% of which will be in California and Texas.<\/p>\n\n\n\n

Developers have scheduled more than 20 large-scale battery projects to be deployed by 2025. The 409 megawatt Manatee Energy Storage in Florida is currently the U.S.\u2019s largest operating battery storage project.<\/p>\n\n\n\n

Uptick in commercial building efficiency<\/strong><\/strong><\/p>\n\n\n\n

A recently released U.S. commercial buildings energy consumption survey report shows that the average total amount of energy used per square foot in commercial buildings decreased by 12% from 2012 to 2018. Electricity consumption per square foot decreased by 14% and natural gas consumption per square foot decreased by 11% over that period.<\/p>\n\n\n\n

The report also reveals that:<\/p>\n\n\n\n