Utility Dive•about 1 month ago
PJM trims near-term load forecast on stricter data center vetting, economic outlook
Key Takeaway
PJM's revised load forecast signals near-term headwinds for new projects due to stricter data center vetting, but a strong long-term demand surge will drive significant future generation and transmission needs.
AI Summary
- •PJM has revised its near-term load growth forecast downwards, citing stricter vetting processes for data centers and a cautious economic outlook.
- •Despite the near-term reduction, PJM projects significantly higher long-term load growth than previously estimated, indicating a substantial future demand for power.
- •For large power consumers, particularly data centers, the 'stricter vetting' implies potential delays or increased scrutiny for new interconnections and capacity additions within PJM.
- •Developers should anticipate a more challenging near-term market for new generation projects but prepare for robust, growing long-term demand opportunities in PJM, driven by data centers and other factors.
Topics
capacity-marketdatacenterinterconnectpjmpolicytransmission