We agree with Jack Rickard. He has been right before and he is right this time. Knowing the demand is decreasing, even though consumption might be still increasing.
The demand of power is aligned with consumption, but the power being used is less due to more efficient devices.
The cost of power plants is dependent on demand continuing the uptrend, keep rates flat. But since demand is decreasing, the ONLY variable that can change to PAY for existing power plants is the rate. Watch the video; we started it at the point (35:00) that Jack starts his point on the Death Spiral Melt Up.