According to Wood Mackenzie, demand growth rates for individual utilities may be much higher as the demand being added to the grid is “not evenly spread” and one large load can have a “significant” impact on the growth of individual utilities.
US utilities will face a “significant” challenge as power demand surges for the first time since the 1990s, according to a new report by energy research firm Wood Mackenzie. Thanks to data centre development, energy-intensive manufacturing and growing electrification of transport and heating; some regions in the US will see 15% electricity demand growth through 2029.
Released on Oct 17, the “Gridlock: the demand dilemma facing the US power industry” report claims US electricity demand growth will be between 4% and 15% through 2029, depending on the region.
