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Utility Business Outlook: Power prices stay elevated as elections sow uncertainty for clean energy plans

January 23, 2024

Last year was a challenging one for electric utilities: Share prices lagged broader market gains, supply chain constraints added costs and time to renewable energy projects, and electricity prices continued a 3-year rise. What does 2024 have in store for the sector?

“An exceptional level of volatility and opportunity,” is how Bank of America Global Research analysts described the situation for electric utilities and the clean energy sector in its Jan. 9 look ahead.

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