>America has entered another era of electrification—US power consumption has risen more in the last two years than over the previous 15 combined. Yet this hasn’t been nearly enough to meet demand, with electricity prices also rising more over the last 4 years than the prior 14. Demand from AI, heavy industry, heating, and transport is driving load growth but also outstripping growth in power infrastructure—leaving America with an increasingly large electricity gap that’s driving up prices. Projections from the US Energy Information Administration (EIA) expect generation to accelerate slightly over the next two years, growing another 4.6% in total, but that’s still not quick enough to close the gap or prevent further price appreciation.
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>America has entered another era of electrification—US power consumption has risen more in the last two years than over the previous 15 combined. Yet this hasn’t been nearly enough to meet demand, with electricity prices also rising more over the last 4 years than the prior 14. Demand from AI, heavy industry, heating, and transport is driving load growth but also outstripping growth in power infrastructure—leaving America with an increasingly large electricity gap that’s driving up prices. Projections from the US Energy Information Administration (EIA) expect generation to accelerate slightly over the next two years, growing another 4.6% in total, but that’s still not quick enough to close the gap or prevent further price appreciation.
https://i.imgur.com/dl6qElN.png
folks, no matter how much you’re thinking about power grid expansion, its probably not enough