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?
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.