Utility Dive•about 1 month ago
Tariffs push construction input prices higher
- •Construction input costs for critical electrical components are rising significantly, with switchgear, switchboard, and industrial controls equipment up 11.1% year-over-year, and copper wire and cable up 11.7%.
- •These increases will directly elevate the capital expenditure (CapEx) for new power generation, transmission infrastructure, and large load interconnection projects.
- •The article attributes these rising costs to 'tariffs,' indicating policy-driven cost pressures on imported materials and components.
policy