Pages

Wednesday, May 29, 2019

Residential Electricity Demand: Steadily Declining Per Capita

The EIA breaks out electricity demand into 3 main sectors (Commercial, Industrial, Residential). 
Only residential has a steadily growing customer count, growing at a slightly lower rate than the US population.  Nevertheless, the customer count is growing faster than power demand growth, indicating a steadily decreasing demand per customer. 

This could be an efficiency story, and urbanization story, or something else.  And the magnitude is small, but still negative.  And it's the most positive demand sector.