Sizzling Summer: 3 Top Dividend Stocks to Buy to Cash in on Red-Hot Power Demand
DDominion Energy(D) The Motley Fool·2024-06-30 20:53

Surging power demand should enable these utilities to generate a lot of dividend income for their investors. A heat wave has gripped much of the country this summer. That has people cranking up their ACs to cool down, which is boosting power demand. The rise in power consumption and prices will likely raise the average power bill by about 3% this year compared to last summer. The current heat isn't the only factor driving up power demand. The increasing electrification of the transportation sector, growth i ...