PJM has released its new long-term load forecast, and it predicts estimated electricity demand growth of 1.7% per year for summer peaks, 2% for winter peaks, and 2.4% for net energy over a 10-year planning horizon starting in 2024.

The 2024 summer forecast peak demand, or load, is 151,254 MW, according to the 2024 PJM Load Forecast Report, with summer peak load increasing to 178,895 MW in 2034 and 193,123 in 2039, an increase of nearly 42,000 MW.

Peak winter load for the 2024 winter is forecast at 134,663 MW for the 2023–2024 winter, going to 164,824 MW in 2034 and 178,241 in 2039, an increase of more than 43,000 MW. Learn more >>