I would like to confirm that I am on the right track here with respect to electricity generation and consumption.
Given that in 2016 the total United States consumption of electricity was 4,137,100 gigawatt-hours (GWh).
Given that in 2016 the total installed electricity generation summer capacity (peak capacity) in the United States was 1,074.3 gigawatts.
Given that there are 8760 hours in a year.
Dividing consumption by hours ( 4,137,100 / 8760) results in 472.27 gigawatts.
472 gigawatts is about 44 percent of peak generation capacity.
So can I assume that the average utilization of our peak electricity production capacity over the course of a year is approximately 44 percent.
Thanks in advance