U.S. Hydropower Generation Expected to Increase by 6% in 2024 Following Last Year’s Lows

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. This year, we expect hydropower to increase 6% and account for 250 billion kilowatthours of electricity generation in the power sector, based on forecasts in our. We expect hydropower to increase in nearly every part of the country, with notable increases in the Southeast and in the Northwest and Rockies. We expect other regions with significant hydropower generation to either increase slightly, such as in New York, or remain about the same, such as in California.

Calculations for regional electricity generation mix percentages exclude negative net electricity generation from other sources. We expect hydropower to account for 5% of electricity generation in the Southeast in 2024. Natural gas and nuclear energy are the two largest sources of electricity generation in the Southeast, and we expect both to increase in 2024. In particular, nuclear electricity generation will increase after thegenerator in Georgia starts providing power to the grid during the second quarter of 2024.

 

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