Commercial electricity demand grew fastest in states with rapid computing facility growth
Consumption of electricity in the U.S. commercial sector has recovered from pandemic levels, with annual U.S. sales of electricity to commercial customers in 2023 totaling 14 billion kilowatthours (BkWh), or 1%, more than in 2019. However, the growth in commercial demand for electricity is concentrated in a handful of states experiencing rapid development of large-scale computing facilities such as data centers. Electricity demand has grown the most in Virginia, which added 14 BkWh, and Texas, which added 13 BkWh. Based on our expectation that regional electricity demand will grow, we revised our forecasts upward for commercial electricity demand through 2025 in our June Short-Term Energy Outlook (STEO).Consumption of electricity in the U.S. commercial sector has recovered from pandemic levels, with annual U.S. sales of electricity to commercial customers in 2023 totaling 14 billion kilowatthours (BkWh), or 1%, more than in 2019. However, the growth in commercial demand for electricity is concentrated in a handful of states experiencing rapid development of large-scale computing facilities such as data centers. Electricity demand has grown the most in Virginia, which added 14 BkWh, and Texas, which added 13 BkWh. Based on our expectation that regional electricity demand will grow, we revised our forecasts upward for commercial electricity demand through 2025 in our June Short-Term Energy Outlook (STEO). Read More
