Electricity Demand Expected To Jump By More Than 75% By 2050 As Costs Rise, Report Says

CBS Bay Area

May 21, 2025

A dramatic demand for electricity, coupled with a rise in costs, could create massive energy challenges for the United States over the next two decades, a new report released Tuesday by ICF found.

The global consulting and technology services company predicted that electricity demand could jump at least 25% in the next five years and as much as 78% by 2050 — findings that far outpace historical trends over the past two decades. Such growth could have a significant impact on both the reliability and affordability of electricity, the report said. Retail costs are also expected to rise; by 2050, costs passed onto the consumer could double, ICF found.

"This is a pivotal moment as rising demand creates urgent challenges for the grid," said Anne Choate, ICF executive vice president for energy, environment and infrastructure in a statement.

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