Greater energy efficiency, along with outsourced heavy industry and customers generating their own power, have created flat demand for utility power for 10 years. Stagnant demand is likely for the foreseeable future.
That’s good news for consumers and efforts to reduce greenhouse gas emissions. But utilities are having a tough time adjusting to this new business environment, as electricity demand had risen steadily for about a century.
There have been recent requests from utilities to bail out large coal and nuclear plants. It also has been tough for long-term planning. For instance, the Tennessee Valley Authority has found its 20-year forecasts obsolete almost as soon as they are released.
Some utility executives are nervous about what the future holds for their organizations. Utilities may need to make money through services rather than on investment returns on new generating capacity. Nevertheless, as a Vox article points out, more stringent energy codes and better efficiency technology produce multiple benefits for the country. Declining demand saves money, reduces pollution, and avoids the need for additional capital expenditures for expensive infrastructure.
Related Stories
| May 3, 2014
California’s Title 24 promises to reshape the construction industry
California’s recent revisions to Title 24 contain ambitious performance goals: all residential buildings must be Zero Net Energy by 2020 and commercial buildings must reach that standard by 2030.
| Apr 30, 2014
House Appropriations Committee approves $3 billion cut for military construction
The Army would see the sharpest cuts on a percentage basis, with a $578 million, or 52% reduction in FY 2015.
| Apr 30, 2014
GSA wants to trade D.C. office building for construction and development services
The GSA has issued an RFQ seeking developers who can provide construction and development services in exchange for the GSA Regional Office Building and Cotton Annex located in Southwest Washington, D.C.
| Apr 30, 2014
Mexico City spending big on green roofs to fight air pollution
Although green roofs have been widely adopted in urban areas to reduce the heat island effect and stormwater runoff, Mexico City is hoping that vegetative rooftops can also reduce the city’s air pollution.
| Apr 23, 2014
California bill would make employers responsible for subcontractors' wages, workers' comp
Under the recently revised Assembly Bill 1897, employers would have to pay wages, taxes, and workers compensation on behalf of a subcontractor’s workers if the subcontractor reneges on that responsibility.
| Apr 23, 2014
Obama’s 2015 budget includes $1.7 billion to GSA for building construction, renovations
The Obama Administration has proposed $1.7 billion for construction, renovation, and repairs to federal buildings in fiscal year 2015 under the auspices of the U.S. General Services Administration.
| Apr 18, 2014
Massachusetts Supreme Court clarifies building code liability issue on mixed-use projects
The Massachusetts Supreme Judicial Court recently ruled that distinct portions of a mixed-used building may be treated as distinct and different structures under the state building code.
| Apr 18, 2014
First international buildings among 700-plus certified by BOMA 360 Performance Program
In the first quarter of 2014, the Building Owners and Managers Association (BOMA) International certified 66 properties in the BOMA 360 Performance Program for commercial real estate markets across the U.S and, for the first time, abroad.
| Apr 16, 2014
OSHA proposes $2.3 million in fines against Olivet Management for exposing workers to asbestos and lead
Olivet Management LLC, a real estate development and management company, faces $2.3 million in proposed fines from the Occupational Safety and Health Administration.
| Apr 10, 2014
Green Building Certification Institute partners with Well Building Institute on standard
The Green Building Certification Institute (GBCI), which administers third-party certification for the LEED standard, and the Well Building Institute will collaborate to promote the WELL Building Standard.
