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Coincident Peak Alert for NYISO and PJM, August 10, 2020

August 10, 2020



Temperatures throughout the northeastern U.S. are expected to approach or exceed 90°F this afternoon, driving electric demand close to 2020 summer highs.

Revised forecasts suggest that today’s PJM peak load will exceed 143,000 MW during hour ended 17:00. Figure 1 shows that today’s forecast will approach 2020’s peak demand day and will likely set the 4th highest coincident peak hour for the summer of 2020. Client curtailment efforts in PJM should be targeted between 4:00-6:00 PM this afternoon. 

cp pjm chart

Figure 1: PJM - Forecast and Actual MW, by 5


Peak electricity load in NYISO is rising quickly today. And while current estimates are that today’s peak will fall approximately 1,800 MW short of the current 1CP, actual demand (shown in the solid blue line) is rising faster than the forecast (dotted blue line). The NYISO’s actual and forecasted load for today is shown in Figure 2.

cp nyiso chart

Figure 2: NYISO - Projected Load, from nyiso.com

An update will be issued this afternoon if there still is a threat that today’s demand exceeds the state’s previous peak demand of 30,735 MWs.

Reach out to your energy advisor or contact us for more details. 

Topics: Markets PJM NYISO

Written by 5

Founded in 2011, 5 comprises a team of energy innovators, commodity traders, analysts, engineers, and former energy supplier executives. Together, they serve a broad array of private and public sector clients throughout the United States and Mexico, providing strategic advice on energy-related matters including procurement, demand-side management, rate optimization, regulatory intervention, benchmarking, bill auditing, RFP management, sustainability planning services, renewable power, and distributed generation. With an eye on growth, 5 has initiated a number of strategic partnerships and acquisitions, including the 2019 acquisition of Luthin Associates. 5 has been named to the Inc. 5000 list of fastest-growing companies in the U.S. for five consecutive years. The firm has also received numerous accolades and national awards for its corporate culture, leadership and innovation, including 5 consecutive years as a top 10 Best Company to Work for in Texas according to Texas Monthly Magazine.