Even before the current credit crunch, energy consumption began falling in Ontario. The Independent Electricity System Operator, which manages electricity supply and demand in the province, says consumption fell 1.7 per cent in 2006 – the year the power authority conducted its forecast – and dropped an additional 0.5 per cent in 2007.
Interesting article for those that are interested in this type of thing.The system operator is predicting a fall of about 1 per cent this year and another 1 per cent in 2009. So far, domestic demand for the first eight months of this year is down 2.2 per cent. Even taking energy conservation into account, the drop in demand over that four-year period has been far more than the power authority's forecast.