Utility Dive•28 days ago
ISO New England trims 10-year forecast based on electrification outlook
Key Takeaway
ISO-NE's reduced long-term demand forecast, driven by slower electrification, signals a less aggressive market for new generation and transmission development and potentially more stable prices for large consumers.
AI Summary
- •ISO New England has significantly trimmed its 10-year electricity demand forecast, now projecting only 9% growth by 2035.
- •This downward revision is primarily due to more conservative assumptions regarding the future adoption rates of electric vehicles and heat pumps.
- •For developers, this indicates a potentially less urgent need for new generation and transmission projects in the ISO-NE region, which could impact project viability and PPA opportunities.
- •Large power consumers in ISO-NE may experience less upward pressure on long-term energy and capacity prices due to the slower anticipated demand growth.
Topics
capacity-marketpolicytransmission