Pinnacle West Capital Corporation, an investor utility company who operates Arizona Public Service, saw an increase of about 5.7% in retail sales in 2024.
That is despite residents using less power.
That means the largest reason power sales grew was because of large industrial and commercial customers, with more data centers and manufacturing facilities.
APS provides the electricity for the Taiwan Semiconductor Manufacturing Company facility in Phoenix, for example.
The company predicts that data centers and large manufacturers will continue to provide the majority of the growth in the coming years as well.
The company said it also installed the most residential meters in one year since the Great Recession. But it reported the average resident used less power compared to 2023.
EDITOR'S NOTE: The story has been updated to correct that the average resident used less power compared to 2023.
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