NRG Matters – US power consumption to rise to record high in 2022; KAPSARC team attends energy event in Tokyo 

NRG Matters – US power consumption to rise to record high in 2022; KAPSARC team attends energy event in Tokyo 

RIYADH: On a macro level, power consumption in the US is expected to rise to a record high in 2022. Zooming in, a delegation from Saudi Arabia’s King Abdullah Petroleum Studies and Research Center attended a conference in Tokyo to discuss decarbonization and renewable energy challenges and opportunities. • US power consumption is expected to rise to a record high in 2022 as the economy grows, Reuters reported citing the US Energy Information Administration’s Short-Term Energy Outlook. The EIA forecast power demand will climb to 4,027 billion kWh in 2022, from 3,930 billion kWh in 2021, before sliding to 4,018 billion kWh in 2023. • Électricité de France is seeking €8.34 billion ($8.5 billion) from the French state, its main shareholder, in compensation, as the government forced it to sell power at cut-rate prices to protect consumers from the surging inflation. The French government is defending its decision to force EDF to sell more of its nuclear power output at a discount as the measure is taken in the wider interest of consumers due to surging energy prices, Bloomberg reported. • The Emirates Water and Electricity Co. has signed an initial agreement with the Abu Dhabi Department of Economic Development