AC use is expected to be the second - largest source of
global electricity demand growth after the industry sector, and the strongest driver for buildings by 2050.
It concluded its 2017 World Energy Investment report by saying: «Investment in new low - carbon generation needs to increase just to keep pace with growth
in electricity demand growth, and there is considerable scope for more clean energy innovation spending by governments and, in particular, the private sector.»
Having generated power since 1951, Salem Station succumbed to low natural gas prices,
weak electricity demand growth and tightening Federal pollution controls.
This is in sharp contrast with the European Union, Japan and the United States where additional renewable generation will
outpace electricity demand growth between 2015 and 2021.
Coal - fired power plants in the United States have been under significant economic pressure in recent years because of low natural gas prices and
slow electricity demand growth.
In a statistic that must be especially troubling for the traditional electric utility industry, the report notes that between 2007 and 2014, during which time the economy grew by 8 percent, «
annualized electricity demand growth has been... zero.»
Entergy and Exelon will deserve credit for working out a win - win deal and transcending the scarcity mentality that accompanies
low electricity demand growth.