The group also looked at how remote work has impacted energy consumption. Their work studied the contrasting energy consumption preferences from the “baby boom” generation, Millennials, and Gen-Z. The EY (formerly known as Ernst & Young) team looked at the rising demand for generating electricity at home, particularly from the younger generation. Guthridge has spent 30 years in energy, focused on providing businesses with innovative strategies to help them navigate the energy transition. Greg GuthridgeĪ team led by Greg Guthridge, EY’s Global Energy & Resources Customer Experience Transformation Leader, recently published the results of a multiyear, proprietary research program designed to understand consumer perspectives on the energy transition as well as macro trends.
A growing interest in electricity generation in the home, from things such as rooftop solar, and a continued move to remote work environments will put the residential sector at the center of discussions when it comes to the future of power. The increase leveled off as the pandemic continued, particularly in the U.S., in part due to warmer weather that lessened the need for space heating, according to the EIA.Įnergy industry analysts, though, expect residential sector power demand will steadily rise over time. Energy Information Administration (EIA), said the second quarter of 2020 saw a 10% rise in residential electricity usage compared to the same months over the previous four years. Demand for electricity from the residential sector rose during the first several months of the global coronavirus pandemic, as workers stayed home and students studied remotely.
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