|  August 2, 2014  |  
Overcast   60.0F  |  Forecast »

TODAY IN ENERGY: Friday, March 22, 2013

U.S. economy and electricity demand growth are linked, but relationship is changing

A country's economy and its energy use, particularly electricity use, are linked. Short-term changes in electricity use are often positively correlated with changes in economic output (measured by gross domestic product). However, the underlying long-term trends in the two indicators may differ. All else equal, a growing economy leads to greater energy and electricity use. In developed countries like the United States, the relationship has been changing, as economic growth now outpaces electricity growth.

See graph and read more....

Add your comment:
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement