Something is going to make the planning of regional power generation and associated markets even harder: the ability of big data users to shift their demand across the globe quickly, based on price. Ira Joseph at CGEP peers into the near future to ask some difficult questions. When such power demand can “at the push of a button” migrate long distances, how do you make predictions for local capacity needs? And today, market design in most … [Read more...]
IEA says peak coal is a few years away, but China’s demand for energy suggests not
Lucas Davis at the Haas School of Business questions the IEA’s optimism revealed in its latest World Energy Outlook 2022 that predicted coal will peak in the next few years. In 2021, global coal consumption increased 5% and global electricity generation from coal reached an all-time high. China is the main driver - last year over half of all coal-fired electricity generation came from China - and its energy demand keeps rising. Between 2000 and … [Read more...]
ELCC: for predicting how much storage a grid really needs
How much storage does a grid need? Too little leads to blackouts. Too much means money wasted. Getting the predictions wrong will skew policy priorities and investments, and slow the transition to a clean electric grid. Effective Load Carrying Capability (ELCC) measures a resource’s ability to produce energy when the grid is most likely to experience electricity shortfalls. Mark Specht at the Union of Concerned Scientists explains how it works. … [Read more...]
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