Utility Dive•15 days ago
Expect retail electricity prices to rise further: LBNL/Brattle
Key Takeaway
Rising retail electricity prices necessitate proactive strategies for large power consumers and create enhanced opportunities for competitive generation developers.
AI Summary
- •Retail electricity prices are projected to increase further due to record investor-owned utility rate increase requests and approvals last year.
- •This trend is expected to continue in the near-term unless significant policy or market actions intervene.
- •Large power consumers should anticipate higher operational costs and proactively explore alternative power procurement strategies.
- •Developers may find increased demand for competitive generation solutions (e.g., IPPs, behind-the-meter projects) as rising retail prices enhance their economic viability.
Topics
financingpolicyppa