Insight
What to watch for in 2023: The evolving landscape of North American power markets
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Report summary
This insight summarizes key events over 2022 and looks into emerging trends of 2023. The emerging trends expand on the impact of the IRA, market reliability concern, fuel shortages, supply chain disruptions, PTC and ITC considerations, as well as transmission and interconnection reform. Volatility in 2022 fundamentally changed how we understand the intersection of power markets, fuel security, supply chain, globalization, and policy. Renewable deployments took a sharp downfall, supply constraints increased costs, and energy price increases brought new public attention to the energy transition. All this while developers patiently waited for federal policy to strengthen investor confidence through long term incentives to meet clean energy goals.
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