Power use drops in the United States

- A recent drop in the use of electricity in the United States has utilities concerned.

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

Europe's Worst Energy Nightmare Is Becoming Reality

PARIS - As Russian gas cutoffs upend European energy security, the continent is struggling to cope with what experts say is one of its worst-ever energy crises—and it could still get much worse. 

For months, European leaders have been haunted by the prospect of losing Russia’s natural gas supply, which accounts for some 40 percent of European imports and has been a crucial energy lifeline for the continent. That nightmare is now becoming a painful reality as Moscow slashes its flows in retaliation for Europe’s support for Ukraine, dramatically increasing energy prices and forcing many countries to resort to emergency plans,…

READ MORE
quebec-usa-electricity

Americans aren't just blocking our oil pipelines, now they're fighting Hydro-Quebec's clean power lines

READ MORE

electric vehicle

Opinion: The awesome, revolutionary electric-car revolution that doesn't actually exist

READ MORE

Improve US national security

Improve US national security, step away from fossil fuels

READ MORE

RBC agrees to buy electricity from new southern Alberta solar power farm project

READ MORE