Bob, what you are watching is happening. But those increasing installations of solar and wind will just result in an increased consumption of electricity, if you let the market forces do their work allone. Cheaper energy available allways results in more energy used. Look back - that happened with adding coal and then with oil, gas, nuclear to the mnix and now with solar & wind.
Unlikely for a couple of reasons.
First, I doubt that a meaningful percent of the population does a lot to limit their electricity use because of the cost of electricity. This is the old Jeavon's Paradox improperly applied. If the average cost of electricity goes from 12c to 10c I really doubt people will go around their houses switching on more lights and powering up the TV in the guest room just because their electricity bill drops a few bucks.
Second, do remember that we are doing a lot to increase efficiency. Incandescent light bulbs are going away. And, without realizing it, when people replace their old refer, TV, computer, whatever they are likely buying something that uses less energy.
Now market forces are almost never the sole driver in change. We simply don't have free markets, someone always has a thumb on the scale. My point is that after political forces created an adequate market prices have fallen to the point at which basic economics are taking over. With wind and solar becoming the cheapest ways to generate electricity investors are not going to put their money into more expensive, non-competitive technology.
Finally, if energy consumption increases on a global level, so what? We have 1.4 to 1.6 billion people who have access to no electricity except for the batteries they may purchase. We can give them electricity with wind and solar while risking no shortage of sunshine or wind. We're moving away from fossil fuels and outdated concepts like EROEI. We're turning extremely abundant energy into a usable form with the use of materials which are in very large supply and largely recyclable.
We can provide every single person on the globe with a few kWh of electricity and do it sustainably.