People can indeed change their consumption patterns. You don’t hear about it with electricity as often, but with natural gas spike after the Ukraine war, it was all over the news that many couldn’t afford heating and were leaving their houses cold in the winter. But it’s not just poor people.
Low margin industries probably contribute a lot and are more likely to change electricity usage patterns (by moving to a different country or being outcompeted).
Low margin industries probably contribute a lot and are more likely to change electricity usage patterns (by moving to a different country or being outcompeted).