Rising current: America’s growing electricity demand

Our analysis shows that U.S. electricity demand is expected to grow by 25% by 2030 and by 78% by 2050, compared to 2023. All of this demand growth has significant implications for the reliability and affordability of electricity. For residential customers, electricity rates could increase by 15% to 40% by 2030, depending on the market. By 2050, some rates might even double.