DELOITTE | In 2019, the multiyear pattern of record-breaking utility capital expenditures amid stagnant load growth continued in the power industry. And it shows few signs of changing as the need to upgrade aging infrastructure, digitize, and secure the grid against natural and manmade disasters such as cyberattacks continues. But while this generally creates upward pressure on prices, once again in 2019 retail electricity customers saw only modest increases. This is due in part to low natural gas prices and declining costs of wind and solar power continuing to dampen wholesale electricity prices.
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