Power Shortages Coming Soon to America
According to PJM Interconnection’s new report, older power plants are expected to retire sooner than installations of new units. This is threatening widespread power supply shortages.
PJM analysis indicates that the 40 gigawatts of power generation currently in use are at risk of retiring by 2030. This represents 21 percent of the total capacity. PJM has 290 GW of power supply that is looking to connect to the grid. However, 94% of this supply is comprised of renewable energy projects with a completion rate of 5%. This raises questions about the ability to create new supply. PJM is available in 13 eastern states as well as the District of Columbia.
PJM predicts a 1.4% annual growth in power demand for the next decade. Due to the growth of data centers and overall electrification, certain zones could see demand growth of up to 7 percent annually.
A supply gap will be created by the combination of growing power demand and the retirement of existing power plants.
According to the report, new power generation additions will likely accelerate. “insufficient” To fill this supply gap by 2030. Therefore, completion rates for the upcoming projects will need to be. “increase significantly” It stated that necessary reserve margins must be maintained.
Decline in Reserve Margins
The reserve margin refers to the remaining available power capacity for an electric power supply. A reserve margin equal to 10% would signify that the entity has excess capacity equivalent to 10 percent of peak demand.
According to PJM projections the reserve margin could plummet from 26 percent to 15 percent in 2030, even under the best-case scenario. In times of severe weather or high demand, reserve margins are crucial. A decrease in power reliability indicates a lower level of reliability.
“The lopsided energy transition is resulting mainly from Biden’s energy policies and state mandates driving fossil fuel generation to shut down as renewable and storage projects are being developed. These are policy choices by political leaders and utilities are responding as directed,” Mar. 2nd analysis The Institute for Energy Research (IER) has published the PJM Report.
Due to its large fossil fuel generation sources, PJM generates a surplus of power and sells it to the grids nearby. According to the statement, the potential impact of retiring 21 percent of the installed capacity by 2030 on the power situation in these areas could also be significant.
Renewable Agenda Effects
In article The Epoch Times Jan. 12 – Kevin Stocklin, a film production executive who made the documentary “The Shadow State,” A study into the ESG industry found that more Americans are being pushed onto the U.S. grid by government policies. This is at a time when grids are becoming increasingly complicated. “increasingly unstable” Because of the climate change agenda.
Federal subsidies are being provided for electric vehicles. The federal government even considers banning gas stoves. While several states have laws that limit the use oil and gas in construction of new homes, others have set dates when gasoline powered cars will be banned.
He pointed out that the ESG movement in corporate space is pressing companies to follow a zero-emissions agenda.
“All of this makes Americans more dependent on the electric grid at a time when utilities are accelerating the closure of coal and gas-fired plants, leaving the grid increasingly reliant on intermittent wind and solar power. This has sparked warnings from utility infrastructure experts that America’s dash toward renewables could be driving our electric grid toward instability,” Stocklin writes.
Its 10-year outlook (pdf) analyzing the impact on energy reliability during the energy transition phase, the North American Electric Reliability Corporation (NERC), which seeks to ensure the reliability of bulk power systems in the region, warned of a “high risk of shortfall” In some parts of America, energy can be used at peak times.
Midcontinent Independent System Operator, Inc., an Indiana-based company, projects a shortfall in electricity of 1,300 megawatts. This will grow as coal, nuclear, natural gas and other energy generation continue to increase over the next ten years. “retire faster than replacement resources are connecting.”
If the power situation in America is not properly analysed and policies that aren’t politically driven are not adopted, it could be headed in the same direction as Europe. Homemade bad decisions One after another created a crisis, which was partly avoided by favorable weather this season.
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