Tuesday and Wednesday are likely Guaranteed To Be Peak Demand Days!
Warning: Peak Demand Alerts Issued Across Grid ⚠️
Grid Situation Update: High Electricity Demand Projected
PJM grid operators have issued a peak demand warning for Tuesday and Wednesday afternoons between 4 p.m. and 6 p.m. As of Monday morning, Tuesday and Wednesday will likely be Peak Demand Days!
As high temperatures return across the region, a predicted demand of over 149,000 MW is expected, making both days a potential peak demand day.
This surge in demand could pose significant challenges to grid stability and reliability.
PJM Forecasted Demand:
Tuesday, August 27, 2024
- Expected Peak Timeframe: 05:00 pm – 06:00 pm EST
- Potential Peak Demand: 149,178 MW (High Threat)
Wednesday, August 28, 2024
- Expected Peak Timeframe: 04:00 pm – 05:00 pmEST
- Potential Peak Demand: 151,275 MW (High Threat)
Recommended Action
To mitigate the risk of grid instability and potential outages, TPI recommends curtailing your electricity consumption from 3:00 pm to 6:00 pm EST each day to the extent your operations allow.
Reducing demand during these peak hours, as listed above, can help alleviate stress on the grid and ensure a reliable power supply for all.
Understanding Peak Demand Days
Coincident Peak Days
A coincident peak day is one of the five highest-demand days during the summer months when PJM measures the peak demand, typically during the hour of the day with the highest electricity usage. Your average demand during these five peak hours determines your capacity obligation (or “capacity tag”) for the following year, directly impacting your overall energy costs.
Benefits of Load Curtailment
Proactively reducing your consumption on coincident peak days can lower your business’s capacity obligation for the following year. This effort can help mitigate the impact of high real-time and day-ahead prices, ultimately saving your organization money on energy costs.
