The Next Decade for #NorthAmerica Power Grid (2025-2034)
The #energysector is on the brink of transformative challenges as highlighted in the 2024 NERC's Long-Term Reliability Assessment. Below are key highlights from the report
1. With electrification, including #EVs and #heatpumps, summer #peakdemand is expected to rise by 15%, and winter peak demand by 18%—the sharpest growth in two decades.
2. Nearly 78 GW of confirmed #generator #retirements by 2034 leave #reservemargins thin, heightening risks during extreme weather events.
3. #SolarPV and #batteries dominate new additions, but their weather-dependent nature challenges consistent output. The grid's ability to deliver essential reliability services (like frequency and voltage support) is under pressure.
4. While 28,275 miles of new #transmissionlines are planned, permitting and siting delays hinder progress, threatening the interregional energy transfers critical for handling shortfalls.
5. #MISO faces critical shortfalls by 2025 due to generator retirements outpacing resource additions.
6. Regions like #ERCOT, #NewEngland, and #California confront growing risks from extreme weather, resource variability, and infrastructure constraints.
Trends identified in NERC’s 2024 Long-Term #Reliability Assessment (LTRA) highlight critical reliability challenges that industry is facing over the next 10 years: satisfying escalating #energy growth, managing generator retirements and removing barriers to resource and transmission development. As a result, well over half of North America is at elevated or high #risk of energy shortfalls over the next 5 to-10 years. https://ow.ly/yOR350UsUXO