⚠️ Monday, Tuesday & Wednesday = Potential Peak Demand Days!
Next week, from Monday to Wednesday, the PJM grid forecasts high electricity demand. The hot weather conditions are expected to drive demand levels, posing a threat to grid reliability.
- Monday, June 17, 2024
- Expected Peak Timeframe: 5:00 pm – 6:00 pm EST
- Potential Peak Demand: 139,826 MW
- Tuesday, June 18, 2024
- Expected Peak Timeframe: 5:00 pm – 6:00 pm EST
- Potential Peak Demand: 146,403 MW (High Threat)
- Wednesday, June 19, 2024
- Expected Peak Timeframe: 4:00 pm – 5:00 pm EST
- Potential Peak Demand: 147,870 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. If your operations are flexible, we encourage you to monitor the PJM website to aid your business decision.
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.
Reach out with any questions!
