Climbing energy costs and uncertainty surrounding inflation will compound complex issues like decarbonization on a global level. Businesses and their supply chains are stretching price elasticity to weather the economic challenges. The rate and pace of the energy transition is adding to tensions. As countries look to expand their power generation through electrification and the construction of renewable sources of infrastructure, factors such as energy density and the resiliency of supply chains will drive energy costs up. The longer it takes to move on these issues, the higher the risk that the energy transition could inflame inflation further, leading to an economic chill that will last well beyond the winter. Deloitte’s 2023 outlook examines the latest power and utilities industry trends to help your company tap opportunities across the entire clean energy economy.