NSW Electricity Demand drops by 4%
Here's something those behind the relentless electricity price increases weren't expecting: annual electricity demand dropping across the entire electricity network.
In NSW, the demand drop between 2010-11 and 2011-12 was a massive 5.6% below predictions.
We're not talking about demand growth being lower. Actual electricity demand was a full 4.1% lower than the previous year.
In fact, this is the third year that total annual electricity usage has dropped in NSW (which I should add, includes the ACT).
What caused the drop in electricity demand?
The Australian Energy Market Operator puts the demand reduction down to three main causes:
- Closure of the Hunter Valley's Kuri Kurri aluminium smelter
- Installation of rooftop solar photovoltaic panels
- Adoption of energy efficiency measures
Further reductions expected
This decrease is expected to be backed up with a further 2% reduction this coming year.
Given that's 9.7% below the estimate made just one year ago, reality is anyone's guess.
This has been a long time coming and has evidently caught the planners off guard. Energy reduction is set to become the norm replacing relentless and nonsensical demand growth as 'business as usual.'