General News
17/10/2024
23:11
Wood Mackenzie
US utilities to face significant challenge as power demand surges for the first time in decades
Some regions in US to see 15% electricity demand growth through 2029; prices could escalateLONDON and HOUSTON and SINGAPORE, Oct. 17, 2024 (GLOBE NEWSWIRE) -- US power demand has remained essentially flat for the past decade, but this is all about to change as a pending surge in demand growth will be the biggest challenge for utility companies in decades, according to the latest Horizons report from Wood Mackenzie.According to the report, “Gridlock: the demand dilemma facing the US power industry” US electricity demand growth will be between 4% and 15% through 2029, depending on the region, with burgeoning data-centre…