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Lower gas prices to drive 35%-45% ‘plunge’ in 2023 peak power prices across most of US: Moody’s - Climate Impact Capital Lower gas prices to drive 35%-45% ‘plunge’ in 2023 peak power prices across most of US: Moody’s - Climate Impact Capital

California is the exception, where peak prices are expected to fall “only around 9%,” according to the ratings and financial research agency.