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December 6, 2024
Good morning and happy Friday! We hope you had a great Thanksgiving and long weekend.
The key phrase for this week’s stories was “load growth.” And based on our reporting, it could be the key phrase for the next five years.
Utilities around the country expect peak demand to grow by 128 GW, or 15.8%, to 947 GW by 2029, according to a report Grid Strategies released yesterday. That increase is itself an increase over the firm’s previous forecast, James Downing reports.
Grid Strategies highlighted ERCOT, PJM and Georgia as the drivers of the national forecast, but every region is seeing expected increases in load. WECC’s 2024 Western Assessment of Resource Adequacy forecasts “staggering” growth in the entire interconnection over the next 10 years, which Elaine Goodman breaks down in her article.
While the Bonneville Power Administration is also dealing with peak load records, it has the additional challenge of maintaining reliability among massive wildfires and public safety power shutoffs. Despite those challenges, the administration managed to meet its reliability targets this fiscal year, according to Henrik Nilsson.
Meanwhile in New York, NYISO published the final draft of its Reliability Needs Assessment, which officially identifies a reliability need in New York City beginning in 2033. Vincent Gabrielle’s article also includes updates from the ISO’s Load Forecasting Task Force’s work on next year’s ICAP forecast.
Finally, James also summarized the comments delivered to FERC this week on its Notice of Proposed Rulemaking for more supply chain risk management standards. It’s a lengthy one, so if you haven’t read it already, pour yourself some coffee before starting!
That’s all for now. Have a great weekend, and check back in with ERO Insider all next week to stay up to date on the Enterprise.
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