Five Critical Insights from NERC’s 2024 Long-Term Reliability Assessment

Credit to Author: Sonal Patel| Date: Thu, 19 Dec 2024 21:31:46 +0000

Well over half of North America faces a potential shortage of electricity supplies in the coming years, compounded by surging demand growth, accelerating generator retirements, and delays in resource development, […]

The post Five Critical Insights from NERC’s 2024 Long-Term Reliability Assessment appeared first on POWER Magazine.

In the 2024 LTRA, NERC finds that most of the North American bulk power system faces mounting resource adequacy challenges over the next 10 years as surging demand growth continues and thermal generators announce plans for retirement. This graphic shows NERC’s risk map with risk drivers and initial shortfall years. Courtesy: NERC

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PJM Capacity Auction Prices Surge Over Nine-Fold, Signal Urgent Need for New Power Generation

Credit to Author: Sonal Patel| Date: Wed, 31 Jul 2024 14:55:13 +0000

Prices at PJM Interconnection’s 2025/2026 base residual auction (BRA) spiked to $269.92/MW-day for most resources in the wholesale power market, pointing to a tightening supply-demand balance that could have significant […]

The post PJM Capacity Auction Prices Surge Over Nine-Fold, Signal Urgent Need for New Power Generation appeared first on POWER Magazine.

Clearing price results in PJM’s Base Residual Auction (BRA) from delivery year 2007/2008 to 2024/2025. Courtesy: PJM

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