Utility Dive•about 1 month ago
Residential electricity prices continue rise, up 7.4% in September: EIA
Key Takeaway
Rising electricity prices driven by generation capacity constraints and infrastructure issues signal increasing operational costs for large consumers and potential market opportunities for new, efficient generation development.
AI Summary
- •Residential electricity prices increased by 7.4% in September, indicating a significant rise in operational costs for large power consumers.
- •The price hike is attributed to generation capacity constraints, transmission limitations, and rising fuel costs, impacting market stability and project economics.
- •Industry experts foresee no near-term solution to these escalating costs, suggesting a prolonged period of high prices and potential market volatility for developers and large loads.
Topics
capacity-marketpolicytransmission