BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Electric Power

Analysis: PJM expects 152 GW summer peak, more than 28% reserve margin

Electric Power | Emissions | Metals | Non-Ferrous

Battery 'Gigafactories' and their impact on battery metals raw materials

Electric Power

Platts Market Data – Electric Power

Commodities | Electric Power | Metals

Battery Metals Conference, Inaugural

Electric Power

NYISO stakeholders clash over exclusion of REC holders from carbon price payments

Analysis: PJM expects 152 GW summer peak, more than 28% reserve margin

PJM Interconnection expects summer peakload to reach roughly 152,000 MW with above-average temperatures forecast to hit the region.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

With 184,010 MW of installed generating capacity available, the expected summer reserve margin -- when taking into account about 9,000 MW of available demand response capacity -- is more than 28% or 41,000 MW, well above the required level of 16.1%, PJM said Monday.

"We have planned and prepared for summer operations and we have plenty of reserves to meet the demand," PJM President and CEO Andrew Ott said.

The three-month outlook temperature probability shows above-normal temperatures throughout the region, according to the US National Weather Service. PJM's all-time record peak load is 165,492 MW, which was reached during the summer of 2006. The other top 10 PJM summer peak days occurred between 2011 and 2013.



SUMMER POWER PACKAGES LOWER THAN 2017

The PJM West Hub on-peak July-August package is currently in the upper $30s/MWh, nearly 12% lower than the July-August 2017 package average last May, according to PJM data. However, the PJM West Hub on-peak July-August 2018 package is 13.5% higher than the on-peak day-ahead average last July of $33.25/MWh and 22.2% higher than where the day-ahead traded in August at $19.50/MWh, according to PJM data. Last summer, PJM demand peaked at 145,331 MW on July 19, more than 5% below the summer forecast level of nearly 153,000 GW.

Year to date, PJM actual peakload has averaged 4,775 MW higher than the same period in 2017, according to grid operator data.

PJM TO RETIRE NEARLY 3,775 MW BY JULY

PJM has nearly 3,775 MW of generation scheduled to be deactivated by July. That includes 614 MW of natural gas-fired generation and 3,046 MW of coal-fired generation, according to PJM data.

The 2018 scheduled retirements have increased in comparison to a total of 2,083 MW deactivated in all of 2017, including 2,048 MW of coal.

--Kassia Micek, kassia.micek@spglobal.com

--Edited by Christopher Newkumet, newsdesk@spglobal.com