Rising current: America’s growing electricity demand

Due to the new rapid growth in electricity demand, ICF is forecasting an increase in residential rates "between 15% and 40% by 2030 compared to 2025, depending on the market. By 2050, electricity rates could double for some of these utilities." What can state policymakers do to avoid this without undermining the new demand? One easy and zero cost step would be to allow private investors to create new, independent, competitive, and utility-scale utilities. We call this "Consumer Regulated Electricity" or CRE. The nature of CRE Utilities means that they will move much faster and be far more innovative than the existing sector and that will be attractive to some of the new growth. The more that the new growth chooses CRE Utilities, the lower the future residential rate increases. Contact us to learn more about CRE and follow us right here on LinkedIn.

https://www.icf.com/insights/energy/impact-rapid-demand-growth-us