This Week
  • High-end project is underway in Perinton.

  • Pride in ownership is the foundation of the H&C Tool Supply Corp.

  • The new edition of Explore Greater Rochester is here.

  • Sheldon Shear and Robert Cherry followed in their dads' footsteps at Economy Paper.

  • With falling prices, are commodities a bargain investment or a risky bet?

  • John Johnson introduced software to help guide Baldwin Richardson Foods Co.

Report: N.Y.'s electric power grid on threshold of change

Rochester Business Journal
June 18, 2014

New York’s electric power grid is on the threshold of significant change because of increasing demand and other changes to the system, a report by the New York Independent System Operator says.

The state set two seasonal records for peak electric load in two months, with an all-time peak set in July 2013 and a winter peak set in January 2014, said the report, titled “Power Trends 2014: Evolution of the Grid.”

Peak demand in New York is forecast to grow at an annual rate of 0.83 percent through 2024; the use of electricity is expected to grow by 0.16 percent in the next 10 years, the report said.

That means the amount of power used during periods with the highest demand for electricity is expected to increase at a faster rate than the amount of power used on a daily basis, the report said.

Significant turnover among resources servicing the demand, the emergence of distributed energy resources and increasing dependence on natural gas to generate electricity will present challenges and opportunities for the state’s system, NYISO reported.

“New York faces a range of issues that impact reliable operation of the power grid and electricity markets but active collaboration among stakeholders and across neighboring regions, along with continued analysis of economic trends, high-tech upgrades and thoughtful implementation of public policy, remain the best path toward developing effective solutions,” NYISO President and CEO Stephen Whitley said in a statement released Tuesday.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google