After rising for 100 years, electricity demand is flat. Utilities are freaking out.

Published onMarch 7, 2018

The US electricity sector is in a period of unprecedented change and turmoil. Renewable energy prices are falling like crazy. Natural gas production continues its extraordinary surge. Coal, the golden child of the current administration, is headed down the tubes. In all that bedlam, it’s easy to lose sight of an equally important (if less sexy) trend: Demand for electricity is stagnant. Thanks to a combination of greater energy efficiency, outsourcing of heavy industry, and customers generating their own power on site, demand for utility power has been flat for 10 years, and most forecasts expect it to stay that way. The die was cast around 1998, when GDP growth and electricity demand growth became “decoupled”…

…This historic shift has wreaked havoc in the utility industry in ways large and small, visible and obscure. Some…is unfolding in more obscure quarters. A great example recently popped up in Tennessee, where one utility is finding its 20-year forecasts rendered archaic almost as soon as they are released…

Source: https://www.vox.com/energy-and-environment/2018/2/27/17052488/electricity-demand-utilities