The top 5 stats you need to know about the American electric power industry
Did you know that America’s electric power companies do a lot more than just power our homes? You might be surprised to know that the electric power industry creates jobs, spurs innovation, and secures our infrastructure. Here are the top 5 stats you may not have known about the electric power industry:
- 2 percent
America’s electric power industry contributes more than 2 percent of America’s overall GDP. That’s greater than the entire GDP of Singapore.
- 1 million
America’s power industry directly and indirectly creates jobs for more than 1 million Americans—–equal to employing the entire population of Austin, Texas.
- 65 million
About 65 million digital smart meters have been installed in U.S. households to date, providing more control and flexibility. That’s a smart meter in nearly half of all U.S. households!
- 107 million
Electric power company investments in energy efficiency programs avoided the generation of 107 million metric tons of carbon dioxide (CO2) in 2014. To put this in perspective, it would take 2,229,166 trees one year to absorb that much CO2.*
- 250 million
Seventy of the nation’s largest utilities have committed to invest at least $250 million over the next five years to increase the use of electric vehicles in their fleets. That’s equal to buying 125 million gallons of gas.
We Stand For Energy knows that electricity runs our economy and powers our lives.