Will USA face an electricity crunch with its ageing infrastructure by 2030? (03July2023)
Electricity consumption in the USA Since 2018, the increase in electricity consumption is between 1.94 to 3.19%. The latest addition in electricity consumption between 2021 to 2022 is about 2.60%. (The following data were extracted from Google Bard.) Electricity Production Capacity in the USA The electricity production capacity in the United States is about 4,000 terawatt-hours (TWh) in 2023. It is projected to increase to 4,300 TWh by 2030. The majority of electricity in the United States is produced by fossil fuels, such as coal, natural gas, and petroleum. Renewable sources of electricity, such as solar and wind power, are becoming increasingly popular, but they still account for a relatively small share of the total electricity production. The increase in electricity production capacity is being driven by a number of factors, including population growth, economic growth, and the increasing demand for electricity from electric vehicles. Electricity Demand in the USA The electr...