Commercial and industrial energy users in California and New England face the potential of reduced power reliability this summer if temperatures remain hot. Natural gas supplies could be tight due to a gas leak in Southern California’s Aliso Canyon, according to Utility Dive.
Reliability could also be a problem for energy customers in New England: 700 MW of new capacity has been delayed and may not enter service this season. Anticipated reserve margin in that region of the country is 14.88%, down a bit from the reference margin of 15.1%.
The reserve margin in the Electric Reliability Council of Texas region may remain tight, as well, according to the article.
Overall, however, data from the North American Electric Reliability Corporatoin (NERC) indicates that there are enough resources to meet this summer’s projected peak electricity demand in all areas of the country. Anticipated reserve margins range from New England’s slightly less than 15% to almost 29% in New York, writes The Energy Collectiev.
With a lack of large-scale energy storage, reliability of the grid depends on enough electricity ring available to meet demand at any moment.
Energy Research Council’s (ERC) national average benchmark price for electricity fell again last week, dropping by 1.3% to $0.0737 per kilowatt hour. With the previous week’s decline, prices are now 1.9% lower than at the end of May. In New York, prices plummeted last week by 4.2%. Electricity prices also saw a sharp decline in Texas (-2.9%), Illinois (-2.7%), and Massachusetts (-2.6%).