Study predicts staggering surge in American electricity demand — here's what it means for retail prices

Study predicts staggering surge in American electricity demand — here's what it means for retail prices

A recent report by the consulting firm ICF is projecting that by 2050, the U.S. will have 78% more need for electricity than in 2023, according to Axios. The scoop Before then, the report suggested Americans will see a 25% rise in demand by 2030 that will be driven by particular needs in certain areas, such as electric vehicles and data centers in California and crypto mining in Texas. To meet the demand, electricity generation will need to incr…