The Power consumption in United States of America reached 3,663,746 GWh in 2020
The indicator recorded a historical decline at a CAGR of 0.54% between 2017 to 2020
Why did the Power consumption in the US decline in 2020?
From 2000 to 2020, electricity consumption grew at a low-single-digit CAGR. In 2020, the power consumption went down due to the restrictions imposed by the US Government to curb the spread of COVID-19. The power consumption fell by a low-single-digit percentage as compared to 2019 due to the COVID-19 pandemic. Restrictions to curb the spread of COVID-19 resulted in closure of industries and commercial establishments for long periods in the country. This caused a significant dip in electricity consumption. The annual power consumption is estimated to grow at a low-single-digit CAGR from 2020 to 2030
Impact of COVID-19
US was one of the worst hit countries in the world due to the COVID-19 pandemic in 2020. To curb the spread of COVID-19, the US Government imposed strict lockdowns in the country. Majority of the sectors in the country were affected due to these lockdowns; however, tourism and hospitality sector were most affected.
With respect to power sector, the electricity consumption in the country declined by a low-single-digit percentage in 2020 as compared to 2019. Electricity demand from industrial and commercial sectors declined significantly due to lockdowns. Power plants that were under construction faced delays due to unavailability of components due to supply chain disruptions and unavailability of labor due to travel restrictions. According to the US Energy Information Administration, power projects which were under construction during March and April 2020 were delayed because of the COVID-19 pandemic. Among renewable power technologies, solar PV and wind power projects were the most badly affected due to the pandemic. In March and April 2020, solar PV projects, wind power projects were delayed due to the COVID-19 pandemic. Moreover, several states suspended renewable energy auctions due to the pandemic. For instance, New York State Energy Research and Development Authority (NYSERDA) had issued a new offshore wind solicitation in April 2020, but this was suspended due to the COVID-19 pandemic. In July 2020, the authority relaunched the tender of offshore wind capacity, with a submission deadline in October 2020. To ease the financial burden on consumers during the pandemic, several utilities in the country announced disconnection moratoria and implemented flexible payment plans. Duke Energy, American Electric Power, Dominion Power, Southern California Edison were among the major utilities who voluntarily suspended disconnections. In 2021, the electricity consumption in the country is expected to grow by a low-single-digit percentage as compared to 2020.
Power consumption is the net electricity consumed by the end users by excluding losses and own consumption and after adjusting exports and imports in a calendar year (fiscal year in some cases). The unit is represented in Gigawatt hours (GWh) and the scope is limited to historic period.
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