Locator: 48732EIA.
Wow, wow, wow! Look at the EIA's forecast for a significant increase in the rate of growth in electricity demand, especially in areas of high AI demand, notably TEXAS and the NORTHEAST:
Last month, EIA forecast electricity demand would increase by 2% each year (year-over-year) for both years 2025 and 2026.
Today, one month later, EIA forecasts:
- growth for 2025: 3% (a fifty percent increase in the rate of growth)
- growth for 2026: 5% (a more than doubling the increase in the rate of growth next year and that's on top the increased rate of growth this year
For Texas (ERCOT) and the northeast (PJM).
Whoo-hoo!
AI is an energy story and AI runs on natural gas.
