Tuesday’s Peak Demand window is 3:00 PM – 7:00 PM EST, with demand expected to exceed 136.4 GW.
TPI Efficiency asks you to consider reducing your consumption during the forecasted peak timeframe. We will continue monitoring the PJM network for system peaks tomorrow and the rest of this week.
If your operations are flexible, we would like you to monitor the PJM website tomorrow via the resource link below to help you decide.
The Rest of The Week:
The PJM interconnection grid network is projecting that the hot weather later this week will lead to the potential for Wednesday, Thursday, and Friday being three of the five days that will affect capacity costs for next year.
Forecast Peak Usage This Week:
Wed, Jul 26, 2023
- The expected timeframe for peak usage: 5:00 PM – 06:00 PM EST
- Potential Peak Demand: 144,444 kWh
Thu, Jul 27, 2023
- The anticipated timeframe for peak usage:5:00 pm – 6:00 PM EST
- Likely Peak Demand: 150,646 kWh
Fri, Jul 28, 2023
- The expected timeframe for peak usage: 4:00 PM – 5:00 PM
- Potential Peak Demand: 152,348 kWh
What You Need To Know
What is a coincident peak day?
One of the five highest-demand days (during the summer months) when PJM chooses to measure the peak demand—typically during the hour of the day with the highest demand.
Your average usage/demand during the five peak hours of the summer (measured by PJM on the five coincident peak days) determines what your capacity obligation (i.e., “capacity tag”) will be for the following year—and impacts your overall energy costs.
What can you do?
Having this information and reacting to it may help lower your business’ capacity obligation for next year. Reducing your consumption on those days can mitigate some of the impacts of high real-time and day-ahead prices.
