215 Million And Rising: Surge In LED Installs Is A Growing Threat To Utility Industry

The cumulative number of light emitting diodes (LEDs) installed across the United States has soared during the past two years—topping 215 million at the end of 2014 according to DOE’s latest data. That’s good for the environment (the amount of source energy needed to power the more efficient LEDs is about 143 trillion British thermal units less than the previous status quo) and consumers (savings topped an estimated $1.4 billion annually in 2014)—but not for growth-starved electric utilities. And, this is just the beginning of a transition that poses serious problems for utilities already grappling with long-term slow-growth forecasts.