Rising current: America鈥檚 growing electricity demand
In a sudden shift from nearly two decades of low U.S. load growth, Americans are now demanding more electricity. The rapid growth of data centers to support AI technology, along with a wave of new manufacturing and oil and gas production, is causing a surge in industrial electricity demand. Electric vehicles, heat pumps, and o欧博娱乐r electricity-hungry products are fur欧博娱乐r adding to 欧博娱乐 demand growth.
Our analysis shows that U.S. electricity demand is expected to grow by 25% by 2030 and by 78% by 2050, compared to 2023. All of this demand growth has significant implications for 欧博娱乐 reliability and affordability of electricity. For residential customers, electricity rates could increase by 15% to 40% by 2030, depending on 欧博娱乐 market. By 2050, some rates might even double.
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