Utility Dive•5 days ago
CenterPoint peak load to jump 50% by 2029 — 2 years earlier than previously expected
Key Takeaway
This accelerated load growth in CenterPoint's territory creates an urgent and significant market opportunity for developers of all generation types and storage, while also posing challenges for grid infrastructure and large power consumers.
AI Summary
- •CenterPoint Energy's peak load is now projected to increase by 50% by 2029, two years sooner than prior estimates, and is on track to double by the mid-2030s.
- •This accelerated demand growth signals significant, urgent opportunities for new generation development (across all technologies) and energy storage projects within CenterPoint's service territory.
- •Large power consumers should anticipate increased competition for grid capacity and potential upward pressure on power prices, necessitating proactive long-term power procurement and grid connection strategies.
- •The rapid growth implies an urgent need for transmission upgrades and accelerated interconnection processes to support timely deployment of new capacity.
Topics
capacity-marketccgtdatacenterinterconnectppasimple-cyclesolarstoragetransmissionwind