U.S. Power Consumption Progress Decreases within the Close to Time period within the Newest AEO

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U.S. power consumption decreases within the subsequent a number of years earlier than rising once more within the early 2040s by way of 2050, in accordance with our lately printed Annual Power Outlook 2025 (AEO2025). U.S. power consumption in 2050 is decrease than in 2024 in many of the eventualities we discover in AEO2025, however the vary of outcomes varies considerably based mostly on the underlying assumptions.

For AEO2025, we made important updates to the mannequin that underpins the outcomes, including a hydrogen market module; a carbon seize, allocation, transportation, and sequestration module; and an enhanced upstream oil and pure fuel sources module. We additionally enhanced many present modules to raised replicate market dynamics and rising applied sciences.

Our coverage assumptions are central to understanding our AEO2025 projections. In many of the instances we modeled, we solely thought of legal guidelines and laws applied as of December 2024. Laws, laws, government actions, and court docket rulings after that date usually are not included.

You possibly can view and chart the total outcomes on the AEO2025 internet web page.

Along with our standard Reference case and eight aspect instances, we’ve got included two different coverage instances this 12 months to look at the consequences of electrical energy and transportation sector insurance policies applied since our final AEO.

Principal contributors: Workplace of Power Evaluation employees. First printed on Immediately in Power.