“We are already seeing record-breaking prices across the West, some of which can be attributed to a fear factor being priced in,” said JP McMahon, a market associate for Wood Mackenzie. “Last year was a bit of a wake-up call.”
The reasons behind the shortfall are two-fold: Climate change is making it harder to forecast demand for electricity while the shift to clean energy is straining power supplies.
Where utilities and grid managers were once able to rely on predictable consumption patterns season to season — more air conditioner use in August, less in October — they’re now reckoning with record-hot summers and historic winter storms that cause great, unexpected surges in demand.
“It’s becoming challenging to take out the crystal ball to know with any level of certainty how hot it’s going to be,” White said.
Blackouts Threaten Entire U.S. West This Summer as Heat Awaits
Outages are possible from Washington to New Mexico, with drought and searing temperatures forcing states to compete for electricity
"First they struck California, then Texas. Now blackouts are threatening the entire U.S. West as nearly a dozen states head into summer with too little electricity.
“It’s no longer necessarily a California problem or a Phoenix problem,” said Jordan White, vice president of strategic engagement for the group, known as WECC. “Everyone is chasing the same number of megawatts.”
While blackouts aren’t a guarantee in any region, traders are already betting on supply shortages and sending power prices soaring throughout the West. At the heavily traded Palo Verde hub in Arizona, prices have nearly quadrupled since last summer’s outages, while the Pacific Northwest’s Mid-Columbia hub has tripled.
RELATED CONTENT ON THIS BLOG
24 September 2018
MESA CHAMBER OF COMMERCE: SRP Receives Line Siting Committee Approval for Proposed Southeast Power Link Project
With the approval of the Line Siting Committee, the next step is for the Arizona Corporation Commission to consider the application at a regularly scheduled open meeting.
10 May 2021
"Raging Wire" ?? Overload Data Center Demands Encounter Low-Voltage Public Resistance
Here's one more instance of corporate-owned mainstream media dubious reporting intended to manipulate and to influence public opinion by Tom Scanlon, Managing Editor of the East Valley Tribune - it's all about the jargon used by city officials in "administrative reviews"
28 June 2019
Please read the official narrative and City Council staff report with the denial
"not known at this time"
The following is part of a post on this blog earlier this year
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We're talkin' here about massive developments in-the-works mostly in the "Outer Loops" that were up at a Public Hearing last week on Wednesday 20 March 2019 in front of the Mesa Planning & Zoning Board - nothing to get bored about in either the Outer or Outer Loops or the east-west tech corridors and industrial parks on the planning boards. Seriously - Take the time to find out.
Here are all the links you need > Digitize
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Two geographic hot spots: Scroll down to see new OZone Redhawk RHEOD
Northeast Mesa District 5 and Southeast Mesa District 6 There are Minutes available that will take you a long to take a look at - just enough extracted here for your interest
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