US Economic Growth Decoupled from Electricity Demand
Gita Subramony for Zondits, February 11, 2015
According to the Sustainable Energy in America factbook from Bloomberg New Energy Finance, USA’s demand for electricity has remained flat since 2007 despite economic growth of 8%. Benchmarking requirements for commercial facilities and more stringent energy codes have helped slow the country’s demand for energy. This trend shows that energy efficiency policies are in fact contributing to lessening our demand for energy and suggests that snapback or the rebound effect on the whole is not as devastating as previously thought.