Why residential electricity demand is not growing

Martin Ferguson has made the government's first acknowledgement that the long era of increasing energy demand is coming to the end, but in his speech he missed a key reason why.

If we are lucky, history may recognise that a speech last week by Energy and Resources Minister Martin Ferguson was a milestone on the road to a truly low emission energy future. 

In the speech Ferguson said:

“Revised…forecasts provide for a new demand and investment dynamic in the National Energy Market... And demand is not expected to return to growth in the years ahead.”

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