Energy
Power bills reach the US ballot as nine states elect 19 utility commissioners
North Carolina’s governor wants data centres to pay for the grid costs they add, as voters in nine states choose regulators who set utilities’ returns.
Topic
Energy
Coverage, charts, video and research on Energy for universal owners.
Latest in Energy
Energy
A 278-week wait for gas turbines makes speed to power the data-centre bottleneck
Wood Mackenzie counts 201 GW of committed US data-centre load and no extra supply at scale in 2027 or 2028, shifting value to grid access, equipment and fuel.
Energy
Europe’s gas price touches €100 a megawatt-hour for the first time since 2022
Dutch TTF gas briefly hit €100/MWh on 28 October as LNG supply tightened, raising winter risks for utilities, industrials and indexed pension liabilities.
Geopolitics
The World's Most Important 60-Day Trade
The U.S.–Iran oil waiver may lower inflation risk. But renewed attacks in Hormuz show why universal owners should watch insurance, payment channels and Gulf fiscal pressure — not just Brent.
How one chokepoint is repricing global risk
The closure of the Strait of Hormuz is rippling through energy and financial markets, driving repricing pressure across shipping, insurance, inflation and investment risk.
The Probability Desk
Watch: The Power Wall
The Power Wall — the Probability Desk weekend cinematic. Watch, then read the full scenario report.
The Frontier
The Power Wall
When the binding constraint on AI shifts from chips to electrons, the world's largest owners are exposed twice. A 50,000-path scenario on whether the grid can build fast enough — with the cinematic.
The Frontier
The Closed Strait: How Long Should Capital Plan for a Disrupted Hormuz?
A Probability Desk flagship: a real 50,000-path Monte Carlo on the 2026 Strait of Hormuz shock and the UAE's exit from OPEC — and what a structurally higher energy-security premium means for universal owners.
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