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2024 US power sector outlook

Utility Dive · The Utility Dive Team · last updated

2024 US power sector outlook | Utility Dive

2024 will be another busy year for the U.S. power sector as companies, policymakers, grid operators and others confront the ongoing challenges of decarbonization, reliability and affordability.

In the stories below, Utility Dive examines nine significant trends expected to drive the electric utility sector in the year ahead and provides more in-depth looks at the Federal Energy Regulatory Commission, renewable energy and utility business trends.

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Related Knowledge Center: ENERGY BASICS: electricity

State of Play

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.

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