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Surging US power demand set to exceed supply, says Bain

Financial Times LogoFinancial Times11h ago

Surging US power demand set to exceed supply, says Bain - Financial Times

Quick Summary:

US utilities will need an additional $900bn in revenue to invest in new generation sources, leading to a 1 per cent annual increase in customer bills by 2032, Bain estimates in a new report.

Neither candidate’s platform, however, will reverse the trajectory of US shale, says Rystad Energy in a new analysis, as the industry continues to prioritise shareholder returns and acquisitions for growth, a form of capital discipline that started as early as the Obama administration.

Among its solutions, Bain recommends utilities rethink traditional rate structures that place an undue burden on residents to pay for the upgrades to host data centres.“We think that’s untenable,” Denman said.


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Article Details

Author / Journalist: Amanda Chu

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 11:00:02 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 971 words

Reading Time: 6 minutes read

Sentences: 15 lines

Sentence Length: 65 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22978770

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 12 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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