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Electricity and the U.S. Economy

The U.S. economy is highly dependent on affordable and reliable electricity. In fact, growth in electricity use has tracked growth in the gross domestic product (GDP)—the nation’s gauge of economic health—more closely than any other source of energy since the end of World War II.

The tie between electricity use and the economy is the product of many factors, including the development of advanced electric technologies, population changes, and the relatively stable price of electricity.

Click to View and Print PDFThe Energy Information Administration projects electricity demand will grow by 28 percent by 2035.1

 

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1 U.S. Department of Energy, Energy Information Administration, Annual Energy Outlook 2010, Early Release, December 2009.