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Electrical energy demand in New England surged this week as excessive temperatures continued via a lot of america.
Demand within the electrical grid territory of New England’s Unbiased System Operator (ISO-NE) peaked at 23,324 megawatts (MW) throughout the night of June 20, approaching final yr’s peak hourly demand on this area. The June 20 peak round 7:00 p.m. jap time was 521 MW above the June 19 peak demand of twenty-two,803 MW, round 6:00 p.m. ISO-NE expects much less demand over the weekend and into early subsequent week as temperatures cool.
Peak electrical energy demand on each June 19 and 20 had been a bit lower than the 24,553 MW of peak hourly demand forecast in ISO-NE’s summer season evaluation issued on June 3, 2024. Hourly demand for electrical energy in ISO-NE for 2023 peaked at 24,043 MW. To satisfy the demand, utilities in New England burned extra pure gasoline. Pure gasoline burned within the energy sector in ISO-NE reached practically 2.0 billion cubic ft (Bcf) on each June 19 and 20, based on S&P International Commodity Insights, in comparison with about 1.20 Bcf per day consumed on the Wednesday and Thursday of the earlier week.
Different areas are additionally experiencing elevated electrical energy demand. Electrical energy demand within the PJM Interconnection, which covers a big area from New Jersey to Illinois, peaked at 145,892 MW on June 20, about the identical quantity as demand on June 19. In its Summer season 2024 Reliability Evaluation, PJM forecasted peak hourly demand for the season reaching 151,000 MW.
We monitor hourly electrical energy market knowledge in our Wholesale Electrical energy Market Portal, the place customers can look at and entry electrical energy markets knowledge for the seven Regional Transmission Organizations (RTO) and ISOs. The portal additionally contains info on energy technology sort, regional temperatures, and wholesale pricing. Our New England Dashboard additionally contains info on the area’s pure gasoline and petroleum markets.
Principal contributors: Mark Morey, Chris Peterson. Article from Immediately in Vitality.
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