Global forces shape the electricity industry
Whatever scenario for electricity comes to pass - one that emphasizes richness in energy supply or productivity in demand - expect to see increased complexity in the industry and its structures. Technology will be a key subversive element of this process of Schumpeterian creation and destruction. There are powerful global forces at work that are transforming whole economies and industries. Today`s electricity industry, with a century of tradition behind it, is also likely to be transformed in terms of its structure, competitive nature and the fuels that it uses. The electricity demand-Gross Domestic Product (GDP) relationship also stems from the increased share of electricity in energy markets. Overall, energy demand is declining relative to GDP, driven by increased efficiency and economic restructuring. Eventually (as indeed is already discernible in OECD countries) electricity demand will show the same characteristics.
- OSTI ID:
- 457441
- Journal Information:
- Electricity Journal, Vol. 9, Issue 4; Other Information: PBD: May 1996
- Country of Publication:
- United States
- Language:
- English
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