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The ISO declared a capacity deficiency, meaning the region’s supply of electricity was insufficient to meet required operating reserves in addition to satisfying consumer demand.
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Year-over-year demand for electricity fell 2.3% in November.
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Adequate electric supplies are expected under mild and moderate weather.
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Wholesale power prices decreased year over year, due in part to lower consumer demand.
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Four upgrades were placed into service in the last few months, according to the October update of the ISO’s Regional System Plan Project List.
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Demand for electricity in summer 2022 was nearly 37,000 gigawatt-hours, up 2% from summer 2021.
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Cooler temperatures in September contributed to a year-over-year drop in demand for electricity.
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The region experienced its second heat wave of the summer in August, and demand rose slightly year over year.
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Inject-only facilities are common among projects seeking to claim state incentives and beneficial tax treatment.
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Only a handful of the buses carrying students back to school this fall are electric. That is expected to change dramatically over the next decade.
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