It’s normal to see the demand curve spike during the winter and summer seasons, but the supply curve hasn’t kept pace, due in large part to federal and state policy interventions designed to accelerate the energy transition. Warnings of mounting reliability challenges have been issued with every peak demand season over the last two years.
If finalized, this rule would put additional strain on the power grid and increase costs in the midst of an already challenging energy transition. And somehow, despite NERC’s assessment being the latest in a string of warnings about resource inadequacy, the EPA recently proposed a rule that would force additional retirement of generation or require fuel switching paired with carbon capture. Poor policy choices have prevented the marketplace from keeping a balanced energy portfolio that is able to supply the energy needed for increasing demand no matter the weather.
The fast-paced retirement of firm power generation and flat growth in anticipated resources are major contributors to the threat of increasing grid instability, which could result in electricity shortages.
Most of the United States could experience blackouts if we see above-normal summer conditions, according to the North American Reliability Corporation (NERC).
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