The report, Electricity demand growth: How will the grid keep pace?, finds that the U.S. power system currently has only about 26 GW of excess generating capacity above minimum resource adequacy requirements, which is roughly 3% of total capacity.
The report also found that ERCOT and PJM, the nation’s fastest-growing electricity markets, have no excess generating capacity available to reliably support additional demand growth.
Meanwhile, total U.S. electricity demand is expected to rise 21% by 2030 and 39% by 2035. Peak demand is projected to increase 14% by 2030 and 25% by 2035, with the fastest growth concentrated in regions seeing the most data center development, industrial expansion, and electrification.
To access the full report, click here