Is the Tie between Electricity Demand and Economic Growth BROKEN?

Authors

  • Glenn R. Schleede President Energy Market & Policy Analysis, Inc.

Abstract

As shown in the graph below, growth in US demand for electricity
has, for years, followed growth in US real Gross Domestic Product very
closely, at least until 1996 or 1997. However, data from the Energy Infor-
mation Administration (EIA) indicate that electricity demand began lag-
ging GDP growth in 1996 or 1997 and has continued to deviate since
then. This raises some critical questions for the electric industry. Specifi-
cally:
• Is the US economy now on a path of significantly lower electricity
intensity?
• Is something going on in the GDP or electric use data for recent
years that is giving an incorrect picture of the relationship between
the two key factors?

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Author Biography

Glenn R. Schleede , President Energy Market & Policy Analysis, Inc.

Glenn R. Schleede is president of Energy Market and Policy Analysis, Inc. (EWA), a consulting practice providing analysis, advice, and assistance to organizations in industry and government on energy and related environmental and economic matters. Prior to forming EMPA in 1992, Schleede was vice president of New England Electric System (NEES) and president of its fuels subsidiary, New England Energy Incorporated, with responsibilities including procurement and transportation of fuels for NEES facilities, NEEI’s oil and gas exploration and coal shipping venture, and NEES economic planning and budgeting functions (1982-1992). Previously, Schleede was executive associate director of the U.S. Office of Management and Budget (1981), senior vice president of the National Coal Association in Washington (1977-1981) and associate director (Energy and Science) of the White House Domestic Council (1973-1977). He also held career service positions in the U.S. Office of Management and Budget and the U.S. Atomic Energy Commission.

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Published

2023-09-30

How to Cite

Schleede , G. R. . (2023). Is the Tie between Electricity Demand and Economic Growth BROKEN? . Strategic Planning for Energy and the Environment, 20(3), 26–28. Retrieved from https://journals.riverpublishers.com/index.php/SPEE/article/view/20471

Issue

2001: Vol 20 Iss 3 2000-2001

Section

Articles