From Steady Growth to Exponential Demand

Deck: 

Optimism and Pragmatism

Fortnightly Magazine - May 2026
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It wasn’t long ago that growth in the utility sector was a gentle and predictable curve. It was a steady one percent crawl that we could basically set our watches by. For decades, our primary challenge was just maintaining the status quo while the system managed to stay in a (relatively) comfortable equilibrium.

Those days, it seems, are officially over.

At home, I am seeing a similar pattern with my own son as he enters adolescence. My once predictable toddler will no doubt be looking down at me at about the same speed that our bulk electric system is experiencing its own sudden growth spurt. We have entered a period of accelerating demand driven by the AI boom, hyperscale data centers, and the electrification of our homes and transit.

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