NewEnergyNews: HOME ENERGY DEMAND SLOWING

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    Thursday, April 30, 2015

    HOME ENERGY DEMAND SLOWING

    U.S. energy demand slows except for industrial, commercial sectors

    Jim Turnure, April 29, 2015 (U.S. Energy Information Administration)

    "U.S. energy consumption has slowed recently and is not anticipated to return to growth levels seen in the second half of the 20th century…[P]rojections in the Annual Energy Outlook 2015 (AEO2015) show that domestic consumption is expected to grow at a modest 0.3% per year through 2040, less than half the rate of population growth. Energy used in homes is essentially flat, and transportation consumption will decline slightly, meaning that energy consumption growth will be concentrated in U.S. businesses and industries…Near-zero growth in energy consumption is a recent phenomenon, and there is substantial uncertainty about the main drivers…Increases in energy consumption are mostly related to economic activity, and U.S. industrial and commercial enterprises are projected to increase output more rapidly than countervailing influences from improved technologies. Existing policies also can moderate energy use…” click here for more

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