New York Electric Energy Demand in the Next Decade

With all the recent buzz associated with wind farm development, transmission line planning, nuclear generation closing, and lowering natural gas prices the New York Independent System Operator published a recent report titled, “Power Trends 2014: Evolution of the Grid.” The report discusses future demand for electric energy in New York for the next decade.

Question: How much growth do you think NYISO is projecting for New York in the next decade?

25%

18%

11%

5%

<2%

The answer is on page 4 of NYISO’s report: “ ...overall electric energy use is forecast to grow at an average annual rate of 0.16 percent over the next decade.” (1.6% for 10 years).  Growth in peak demand is a bigger concern because of Downstate’s appetite for staying cool during summer heat waves. Growth in peak demand is forecast for less than 10%, however, growth in average demand will be stagnant for the next decade and presumably beyond then as well. 

Link here to read the report