Power use drops in the United States
Utility companies rely on an annual growth of about 1 percent to 2 percent in electricity consumption for their businesses. However, recent trends have shown a decrease, the Virginian-Pilot reported.
Decreasing consumption could change how utilities operate and their plans for the future.
Utilities are expected to invest $1.5 trillion to $2 trillion by 2030 to modernize their systems and meet future demand, according to an industry-funded study by the Brattle Group. If electricity demand continues to decline, however, utilities would be forced to make significant adjustments in their investment plans or build too much capacity.
Related News
In North Carolina, unpaid electric and water bills are driving families and cities to the financial brink
RALEIGH - As many as 1 million families in North Carolina have fallen behind on their electric, water and sewage bills, threatening residents and their cities with severe financial hardship unless federal lawmakers act to approve more emergency aid.
The trouble stems from the widespread economic havoc wrought by the coronavirus, which has left millions of workers out of a job and struggling to cover their monthly costs. Together, they’ve been late or missed a total of $218 million in utility payments between April 1 and the end of June, according to data released recently by the state, nearly double the…
