Electricity demand has been flat or growing very slowly for the last 20 years, in spite of population growth, because efficiency increased over the same period.

Electricity demand has been flat or growing very slowly for the last 20 years, in spite of population growth, because efficiency increased over the same period. It's only recently that things like electric vehicles and AI have restarted a growth trend in electricity demand. As a result regulators, utilities and power companies may all have gotten a bit rusty when it comes to rapid growth. But yes, they will relearn.