Powering Up: The Surging Demand for Electricity

Nida Cakir Melek and Alex Gallin
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Alex Gallin: https://www.kansascityfed.org/research-staff/alex-gallin/

Economic Bulletin, 2024, 4

Abstract: After years of stagnant growth, U.S. electricity demand recently surged. This increase was driven in part by the commercial sector, particularly the rapid expansion of data centers and the adoption of artificial intelligence. The surge is expected to continue, signaling a shift toward a more electrified economy, with significant implications for economic competitiveness and energy infrastructure.

Keywords: Infrastructure; energy; Great Recession (search for similar items in EconPapers)
Date: 2024
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