Electricity consumption in the National Electricity Market (NEM) states has decreased for the fourth consecutive year. In 2012, electricity demand in the NEM decreased 2.5 per cent (4,818 GWh), when compared to 2011 consumption, which represents the largest annual reduction since this trend began.
Reduced electricity consumption in the NEM is not a recent phenomenon; electricity demand has fallen every year since 2008. Electricity demand in 2012 was 196,000 GWh, 11,400 GWh lower than the peak reached in 2008. At retail prices of around 25c / kWh it's a reduction of $2.85B being spent on electricity.
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Standout performer New South Wales, where demand fell by 4,000 GWh.