Tuesday, September 27, 2011

Energy demand down

Posted By on Tue, Sep 27, 2011 at 5:23 PM

  • Paulina Clemente

Energy consumption is dropping. Yeah for us! Yeah for manufacturers who are getting on board the energy-efficiency bandwagon! Yeah for everyone — everyone, that is, except for energy companies like Charlotte's darling, Duke Energy.

Not that this is shocking news for Duke. At last week's merger hearing, the company's CEO, Jim Rogers, admitted that conservation (i.e. energy efficiency) is good for everyone — except his company's bottom line. Enter the rate hikes.


A new age of energy efficiency is just beginning, according to a pair of economists. As a result, electricity consumption in the U.S. will drop between 5 and 15 percent by the year 2020.

No, this isn't because the tumbling stock market or a looming energy crisis will compel us to turn off the lights and don sweaters, but because consumers, utilities and manufacturers are becoming more conscious about saving energy.

The findings are to be reported in a paper by economists Ahmad Faruqui and Doug Mitarotonda with The Brattle Group, a consulting firm. A preview of the paper was shared with Smart Grid News.

The paper includes a survey with 50 experts spread across academia, government and industry, which is where the up-to-15-percent drop by 2020 is predicted.

The reason for the drop, according to the economists, is an era of energy efficiency called iDSM, or integrated demand-side management.

Read the rest of this post, by John Roach, here.

Tags: , , , , , ,

Pin It
Submit to Reddit

Comments (2)

Showing 1-2 of 2

Add a comment

Subscribe to this thread:
Showing 1-2 of 2

Add a comment

Creative Loafing encourages a healthy discussion on its website from all sides of the conversation, but we reserve the right to delete any comments that detract from that. Violence, racism and personal attacks that go beyond the pale will not be tolerated.

Search Events

items in Creative Loafing Charlotte More in Creative Loafing Charlotte pool

© 2018 Womack Digital, LLC
Powered by Foundation