The prediction: NERC pointed out that most of the US has enough capacity for normal summer conditions…but warned that New England and the Northwest could face “elevated risks” of supply shortfalls (in the case of once-in-a-decade extreme load conditions).
The problem: That’s according to industry-reported data, a recent Grid Strategies report noted, which “paints an inaccurate picture of declining resource availability.” But if you factor in additional stats, including likely-to-connect new resources, all US regions have 5-93% more reserves than their target reserve margin.
Another summer win: The EIA expects US electricity prices to land around 8% lower than last summer. Why the discount? It’s mostly due to lower costs of natural gas (especially out West).
Molly Glick
Energy Central Team
Thu, Jul 9