U.S. electricity sales peaked in 2007 and have been declining modestly since then. Sales in 2012 were 1.9% lower than 2007 sales, and sales in the first ten months of 2013 are below the same period in 2012. While the economic recession is an obvious explanation for the decline in sales in 2008 and 2009, it is much less clear why sales have continued to decline since then, even as the economy began to recover. While some observers have attributed this stalled growth to the ongoing effects of the “Great Recession,” other observers suggest other factors may have played a role, such as erosion of manufacturing, more efficient buildings, lighting and appliances and increased use of on-site generation.
ACEEE has just completed an analysis on electricity-use trends since 1993 and we looked at changes in sales over the 2007 to 2012 period in particular. We found that no single factor can explain the change in electricity use over the 1993 to 2012 period. The factors that appear most significant were energy efficiency programs and policies, warmer weather, changes in gross domestic product (GDP), changes in electricity prices, and long-term trends…
To continue reading the blog post visit: http://aceee.org/blog/2014/02/us-electricity-use-declining-and-ener
To read the white paper visit: http://aceee.org/white-paper/low-electricity-growth
For the full paper: http://aceee.org/files/pdf/white-paper/low-electricity-use.pdf
Filed Under: News, Policy
