Although we expect the nominal U.S. average electricity price to increase by 13% from 2022 to 2025, our forecasts for retail electricity price increases differ across the country. Residential electricity prices in the Pacific, Middle Atlantic, and New England census divisions—regions where consumers already pay much more per kilowatthour for electricity—could increase more than the national average. By comparison, residential electricity prices in areas with relatively low electricity prices may not increase as much.

Advantages of Electric Utilities

• A temporary loss may pause event participation, but the thermostat should resume once connectivity returns.
• Wind generation has been traditionally concentrated in the central part of the country, such as in the grid operated in the Midwest by the Midcontinent Independent System Operator (MISO).
• Whether you need to review usage, update your plan, or get answers fast, help is only a click or call away.
• Capital spending on overhead lines, poles, and towers increased the most.
• And, yes, the plans involve keeping some of the dirtier coal-fired plants on life support beyond the previous goal of phasing out coal by 2035.

To apply for energy assistance, you must schedule an appointment with an organization that offers services in your area. A Blueprint for ScaleThe next decade will https://www.gms-software.net/time-attendance-systems/ determine whether green banks remain niche players or become mainstream pillars of U.S. clean-energy finance. Analysts estimate the transition to net-zero emissions by 2050 will require trillions of dollars in private investment—most of it at the community level. This tool should only be used to help you determine whether you may be eligible for a grant from Dollar Energy Fund. Information and documentation provided during the application process will be verified by Dollar Energy Fund staff. Grants are awarded to eligible utility customers on a first come, first served basis while funding is available.

Deloitte Insights Magazine, issue 33

In our STEO forecast, utility-scale solar is the fastest-growing source of electricity generation in the United States, increasing from 290 BkWh in 2025 to 424 BkWh by 2027. Almost 70 gigawatts (GW) of new solar generating capacity projects are scheduled to come online in 2026 and 2027, which represents a 49% increase in U.S. solar operating capacity compared with the end of 2025. Dominion Energy provides regulated electricity service to 3.6 million customers in Virginia, North Carolina, and South Carolina. The company also provides natural gas to 500,000 customers in South Carolina.

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However, additions of new wind generating capacity have slowed in MISO, and we expect little growth in MISO wind generation through 2027, averaging just over 100 BkWh annually. We expect MISO solar generation to grow from 31 BkWh in 2025 to 46 BkWh in 2027. Strengthening the grid against severe weather and replacing aging infrastructure were among the reasons utilities cited for future investments, according to the PowerLines report. The $1.4 trillion that the utilities plan to spend over the next five years is an increase of more than 20% from their 2025 projections. U.S. data centers consumed more than 4% of the country’s total electricity in 2023, according to the MIT Energy Initiative. Our grant program specialists will review your application and documentation to verify your award status.

In some cases, our program may also assist you in repairing or replacing an unsafe, inoperative, and dysfunctional heating or cooling system. How mission-driven lenders are unlocking private capital to scale clean energy and cut utility costs nationwide. The BeSMART Home Loan Program offers innovative financing to improve home energy efficiency through replacement and upgrading of appliances, heating, cooling and ventilation systems and whole house envelope improvements across the state.

• Critics saw this as bad for ratepayers and for the environment, while supporters said it was necessary for grid reliability and growth—both for population and data centers.
• These types of utilities are usually referred to as government-owned utilities (GOUs).
• An investment-grade rating means a company can borrow money at lower interest rates and better terms.
• Compared to air cooling, liquid-cooled systems enhance efficiency, minimize space requirements, and extend battery life, effectively lowering the overall BESS LCOS.

Over the last decade, they have quietly become one of the most powerful tools in the fight against climate change. Natural gas is the largest source of electricity in the United States; however, its contribution to total generation has been declining from a peak share of 42% in 2024. In our forecast, U.S. natural gas-fired generation totals 1,696 BkWh in 2026, about the same as in 2025, and then increases to 1,711 BkWh in 2027 as overall power demand increases. The increase in natural gas-fired generation is slower than the overall increase in total U.S. generation, and so natural gas’s share of total power generation falls to 39% in 2027 compared to 40% in 2025.

What are the most undervalued electric utility stocks?

Although energy storage remains a relatively small portion of the total budget for distribution infrastructure, spending increased from $97 million in 2022 to $723 million in 2023. Energy storage at the substation or customer site enhances power quality and provides backup power in areas where lines and transformers cannot handle additional capacity, especially as more intermittent renewable resources come online. At first glance, it seems obvious that electricity prices are increasing across the board — but a closer look reveals important trends and variations at regional, state and local levels.

• However, because financial strength is so important, investors should focus on electric utilities with lower-than-average dividend payout ratios.
• Explore how DERMS can enhance your utility’s management of distributed energy resources.
• In addition, some states are experimenting with a larger public sector role in financing and building infrastructure to reduce costs.
• DERs are small-scale power generation or storage systems located close to where the electricity is used, such as in a home or business.

IOUs are investor-owned utilities, public utilities are government-run, and electric cooperatives are run by consumers. Co-ops are typically established in rural areas that don’t have an investor-owned or municipal utility nearby to supply electric power. Examples of electric cooperatives include Great Lakes Energy Cooperative in Michigan and Dixie Power in Utah.