Shortages Galore Threaten Ability to Power, Heat and Cool Our Homes: Kiplinger Economic Forecasts

Transformers, heat pumps and air conditioning units are all in short supply.

heating and cooling
(Image credit: Getty Images)

The energy industry not only powers our homes and businesses but the economy too. Given its critical role in the country’s infrastructure, our hugely-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts coming in this sector (Get a free issue of The Kiplinger Letter or subscribe). You will get all the latest news first by subscribing, but we will publish many of the forecasts a few days afterward online. Here’s the latest…

One pandemic-era shortage that has not yet abated: Transformers, which are a crucial component of the electric grid that transfers power from one circuit to another. The shortage has been a headache for many sectors of the economy, resulting in delays for everything from new transmission infrastructure to new homes. One utility estimates the supply won’t normalize for at least two years and that the shortage could stretch out three years in a worst-case scenario.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Matthew Housiaux
Reporter, The Kiplinger Letter
Housiaux covers the White House and state and local government for The Kiplinger Letter. Before joining Kiplinger in June 2016, he lived in Sioux Falls, SD, where he was the forum editor of Augustana University's student newspaper, the Mirror. He also contributed stories to the Borgen Project, a Seattle-based nonprofit focused on raising awareness of global poverty. He earned a B.A. in history and journalism from Augustana University.