2023 US Power Sector Outlook
2023 promises to be another busy year for the U.S. energy transition as companies, regulators and other stakeholders move to implement the Inflation Reduction Act and other clean energy measures while tackling growing challenges with power system security, reliability, equity and affordability.
Related Knowledge Center: ENERGY BASICS: electricity
Electricity is a secondary energy source: it is generated through the conversion of primary energy sources such as natural gas, coal, solar, hydropower, and wind. Electricity’s versatility is not cost-free: a substantial amount of energy is lost in its generation and the cost of storage is high, compared with fuels such as coal, oil and natural gas. The economics of battery technology hold the key to expanded use of renewable sources to generate electricity.