EIA Predicts Slow Sales Growth
The Energy Information Administration (EIA) has forecasted slow electricity sales growth over the next 25 years in its latest Annual Energy Outlook. The EIA predicts that the electricity sales to commercial customers will increase at an average annual rate of 0.7 percent through 2040, while residential sales through 2040 will increase at a rate of only 0.3 percent, despite a projected 0.8 percent annual growth in number of households.