Electric Power Transmission in the US
The Electric Power Transmission industry stagnated over the past five years due to stagnant per capita energy consumption and weak price growth. During the early half of the period, the federal government and state public utility commissions (PUCs) provided generous subsidies and incentives, partly mitigating revenue lost from lower consumption. However, federal government stimulus only offered short-term aid and most have expired. Electricity sales volume is expected to stagnate over the five years to 2018, while average retail electricity prices exhibited slow growth. Several factors have contributed to the industry's slow performance over the past five years. Electricity consumption has slowed as a result of low population growth and a shift in the economy toward less energy-intensive industries. As the economy grows, businesses and factories will expand operations and bolster electricity consumption. Additionally, PUCs are expected to grant rate increases for renewable energy transmission investments. Over the next five years, retail electricity sales are projected to increase for all customer segments
This industry transmits and distributes electricity from power generators to distribution centers, other electric utilities and final consumers. The transmission system includes lines and transformer stations, while the distribution system consists of lines, poles, meters and wiring that deliver the electricity to final consumers. This industry does not generate electricity.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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