October 3, 2022

NH’s Business: Summer electricity forecast

Read Time:4 Minute, 27 Second


NH’s Business: Summer electricity forecast

How this summer’s energy demand could impact New England consumers



>> WELCOME TO N EWHAMPSHIRE’S BUSINESS, I’M FRED KOCHER. THE OUTLOOK FOR YOUR ELECTRICITY THIS SUMMER, WELCOME, THAT’S GOING TO DEPEND ON THE WEATHER, WHEN IT WAS HOT AND HUMID, BUT AT THE MOMENT, THE NEW ENGLAND ORGANIZATION MAKING SURE ALL STATES HAVE RELIABLE, COMPETITIVELY PRICED WHOLESALE ELECTRICITY SUPPLY IS FORECASTING SOME SUMMER NUMBERS ON DEMANDND A SUPPLY THAT TELLS THE STORY AND HERE WE ARE. 24,686 MEGA WATTS, THAST’ ONE MILLION WATTS PER MEGAWATT. PEAK FORECAST FOR TYPALIC WEATHER. TYPICAL. 2416 MAEG WATTS, PEAK DEMAND FOR FORECAST ABOVE AVERAGE WEATHER AND 3100,0 MEGA WATTS, THE AVAILABLE CAPACITY THAT’S EXPECTED BY LIE GUEST’S ORGANIZATION, ISO NEW ENGLAND. DAN THEN THERE’S 18,130 MEGA WATTS, ALL-TIME HIGHEST PEAK DEMAND IN AUGUST OF 2000 6. AND YOU CAN SEE THAT THE ELECTRICITY PRICES THIS SUMMER, THE DARK BLUE LINE WILL BE HIGHER THAN 2021, THE LIGHT BLUE LI NE AND HIGHER THAN ANY OTHER PART OF THE COUNTRY. 157% HIGHER THAN THE SOUTHWEST INHE T BOTTOM OF THE GRAPH BECAUSE OF WHAT THE U.S. ADMINISTRATION CALLS CONSTRAEDIN FUEL SUPPLIES EXPECTED DURING PEAK DEMAND HOURS. THAT WILL TRANSLATE PROBABLY INTO SOME HIGHER LEVEL OF RETAIL PRICES. WITH ME TO GIVE US A BRIEF SUMMARY ON ELECTRICITY, AND FORECAST IN NEW ENGLAND IS MATT WHO LEADS CORPORATE COMMUNICATIONS FROM N EWENGLAND, THE REGIONAL ORGANIZATION THAT MANAGES SUPPLY AND ELECTRICITY THWIIN NEW ENGLAND, WELCOME, MATT. >> THANKS FOR HAVING ME. LISTEN, STATEMENT FROM THE YOUR ORGANIZE’S OUTLOOK, EXPECTED TO HAVE SUFFICITEN RESOURCE TOSS MEET COMMAND DEMAND FOR ELECTRICITY THIS SUMMER UNDER TYPICAL WEATHER CONDITIONS. WHAT ARE SUFFICITEN RESOURCES FOR NEW ENGLAND IN THIS ENERGY WORLD THAT WE’RE NOW LIVING IN? >> YEAH, SO THAT MEANS THAT WE HAVE THE AMOUNT OF RESOURCES THATE W EXPECT– WE EXPECT WE’LL NEEDO T MTEE PEAK DEMAND AS WELL AS OPERATING SERERVES, AND 24/7, POWER IN CASE SOMETHING GSOE WRONG AND ADD THOSE TWO THINGS TOGETHER AS WE LOOK ATUR O SUPPLY OPTIONS AND WE WERE COMFORTABLE WITH NOS BALANCES HEADED INTO THE SUMMER. > OKAY, SO, YOU HAVE RESERVE. THAT’S GOOD TO KNOW. NOW, HEER IS THE OERTH SUMMER OUTLOOK STATEMENT THAT YOU HAVE DEMA PUBLIC. TITGH SUPPLY MARGINS CAN DEVELOP IF THERE ARE PEAK CONDITION S ASSOCIATED WITH ABOVE AVERAGE HOT AND HUMID WEATHER. WHAT PARTICULAR SUPPLY COULD BE TIGHT, MATT, ANDF I TIGHT COULD GIVE ROLLING BLACKOUTS FOR THE DE MAND. AS WE GET AND WHAT WE LOOK AT THERE, EXTENDED HEATWAVE. SEVERAL DAYS OF VERY, VERY HOT WEATHER ACROSS NEW ENGLAND. AND THE AMOUNT OF CAPACITY MIGHT BE CLORSE TO THAT DEMAND LEVEL. IF THOSE CONDITIONS DEVELOP, OUR STEM OPERATORS HAVE A NUMBER OF STEPS THAT THEY CAN TAKE TO MAKE SURE THAT SUPPLY AND DEMAND STAY IN BALANCE. BUT WE’RE TALKING ABOUT THINGS LIKE IMPORTING MORE ENERGY FROM OTHER REGIONS FROM NEW YORKND A CANADA, AND YOU KNOW, WE’RE TALKING ABOUT USING SOME OFHE T RESERVES THAT I TALKED ABOUT. THINGS THAT OUR OPERATORS CAN DO TO MAKE SURE TTHA THINGS STAY OKAY ON THE POWER SYSTEM. >> ANDHE T PANDEMIC HAS CERTAINLY HAD AN IMPACT ON ENERGY USAGE WITH PEOPLE AT HEOM AND NOT AT WORK, BUSINESS IS USING LESS, PEOPLE AT HOMERE A USING MORE. BUT BUSINESSES NOW RAMPING BACK UP. HAS THAT CHANGEDHE T CALCULATIONS AT ISO NEW ENGLAND, AT ALL? >> YES, WE’RE STARTING TO SEE A LITTLE BITF O INCREASED DEMAND PARTICULARLY DURING HOT WEATHER AND COLD WEATHER AND WHAT WE WOULD HAVE SEEN PRIOR TO THE PANDEMIC AND WHAT WE SAW FOR STMO OF 2020 DEMANDAS W DOWN AND PEOPLE WERE HOME, BUT THAT WAS OFFSET BY THE BUSINESSES BEING CLOSED AND AS WE SEE NOW, BUSINESSES ARE OPERATING IN MORE OF A HYBRID FASHION SO YOU HAVE SOME EMPLOYEES IN THE OFFICE AND MESO EMPLOYEEST A HOME AND SO THAT’S LED TO A SLIGHT INCREASE IN KIND OF OVERALL ENERGY USE BUT NOT ANYTHING THAT WE WOULD EXPECT TO CAUSE ANY RELIABILITY CONCERNS IN THE REGION. >> THE BOTTOM LINE IN TSHI INTERVIEW, YOU’RE SURE WE HAD THE RESOURCES WE NEED TO GO THROUGH THE SUMMER AS IT LOOKS NOW? >> YES, WE EXPECT TO HAVEHE T RESOURCES WE NEED AND WE HAVE THE TOOLS AT OUR DISPOSAL IF WE NE EDTHEM. >> WELL, MATT, THANKS TO HIM TO LEADS CORPORATE COMMUNICATIONS FOR ISO NEW ENGLAND, THE REGIONAL ELECTCIRITY TRANSMISSION ORGANIZATION THAT MANAGES THE SUPPLYF O ELECTRICITY ACROSS THE REGION. BUT THERE’S ONE MORE THING. TOM GRIFFITH AND I STARTED NEW HAMPSHIRE’S BUSINESS IN 1993 AND IT JUST KEPT GOING. SO FOR TOM, WHO

NH’s Business: Summer electricity forecast

How this summer’s energy demand could impact New England consumers

Fred Kocher sits down with Matt Kakley, the lead communications specialist of ISO New England, to discuss the outlook of your electricity bills this summer.

Fred Kocher sits down with Matt Kakley, the lead communications specialist of ISO New England, to discuss the outlook of your electricity bills this summer.



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