Tag Archives: fossil fuel divestment

U.S. Utilities Look To Electric Cars As Their Savior Amid Decline In Demand

By Samantha Raphelson, NET

The U.S. electricity sector is eyeing the developing electric car market as a remedy for an unprecedented decline in demand for electricity. After decades of rising electricity demand, experts say the utility industry grossly underestimated the impact of cheap renewable energy and the surge of natural gas production. For the first time ever, the Tennessee Valley Authority is projecting a 13 percent drop in demand across the region it serves in seven states, which is the first persistent decline in the federally owned agency’s 85-year history. Read more here.

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