Our Q1 issue of Energy WatchTM came out last week. In this report, we cover load developments and their impact on wholesales electricity prices in NYISO, PJM, and ISO-New England. In most areas of New York, 2021 energy demand is projected to be down slightly. PJM’s 2021 Load Report projects energy demand for 2021 to be 1.2 percent lower than in the 2020 Load Report. In New England, Higher projected energy efficiency and distributed solar growth are expected to offset increases in demand from electric vehicles and space heating, resulting in slightly lower net demand compared to the 2020 CELT forecast. ESAI’s natural gas outlook provides an update on LNG exports.
If you are interested in receiving this issue, please reach out to Tom Bausemer.