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

Why Canada should invest in "macrogrids" for greener, more reliable electricity
OTTAWA - As the recent disaster in Texas showed, climate change requires electricity utilities to prepare for extreme events. This “global weirding” leads to more intense storms, higher wind speeds, heatwaves and droughts that can threaten the performance of electricity systems.
The electricity sector must adapt to this changing climate while also playing a central role in mitigating climate change. Greenhouse gas emissions can be reduced a number of ways, but the electricity sector is expected to play a central role in decarbonization. Zero-emissions electricity can be used to electrify transportation, heating and industry and help achieve emissions reduction in…