U.S. electricity peak demand set new records twice in July
Electricity demand in the Lower 48 states exceeded previous peaks on two days in the last week of July.
Hot weather, which increases electricity demand for cooling, combined with an underlying trend of demand increases, pushed coincident peak demand for the Lower 48 states to a high of 758,053 megawatts (MW) on July 28 between 6:00 p.m. and 7:00 p.m. eastern time, according to the preliminary data in our Hourly Electric Grid Monitor. The next day, peak demand set another record, reaching 759,180 MW, 1.9% more than the record set on July 15, 2024 of 745,020 MW.
We forecast U.S. electricity demand fulfilled by the electric power sector will grow at an annual rate of just over 2% in 2025 and 2026, according to our Short-Term Energy Outlook. Until 2020, electricity demand was relatively flat. Forecast electricity demand growth is higher in areas with plans for large data centers and manufacturing facilities, such as in Texas and in Northern Virginia.
Coincident peak demand represents a simultaneous snapshot across the entire Lower 48 states; system peaks in individual regions or utility areas may have occurred at different hours or even on different days.
Principal contributor: Alex Mey
Tags: electricity, generation, consumption/demand, weather