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Why American Industries are Using Less Energy
In the 80s and 90s, electricity usage in the United States grew at roughly 2.5% per year. As fears of a Y2K computer crash subsided, the seeds of a new concern for electric utilities were planted. From 2000 to 2007, total electricity usage grew by 1.5% per year, a growth rate nearly half of what it had been for two decades. And then the Great Recession hit all sectors of the economy. Since that time, total electricity consumption growth has completely stalled out. In fact, commercial and industrial sector sales in the U.S. have seen little to no recent growth compared to pre-recession periods. The industrial sector has yet to return to its 2007 usage level. READ FULL ARTICLE