Temperatures in New York City are expected to remain in the mid-90s throughout Monday. Even though precipitation is likely in the 7-10 day range, it is expected that Monday (7/27) will approach the year-to-date system peak of 29,979 MW which was set last Monday (7/20).
As of now, it is projected that a new system peak will be set on Monday (7/27) between 4:00 -7:00 PM by a very narrow margin:
- Current Summer 2020 Coincident Peak – 29,979 MW
- Forecasted Peak on Monday 7/27 – 30,397 MW at Hour Ended 17
- Forecasted % increase to 2020 CP – 1.4%
Figure 1: NYISO - Daily Forecast and Actual MW, by 5
Similar to NYISO, the 7-day forecast in PJM calls for higher-than-normal temperatures and strong electric demand throughout the region. Monday's forecasted PJM peak is 142,669 MW, which would result in 7/27 being a top-3 CP (Coincident Peak) so far in 2020. Curtailment efforts will be best targeted to the hours between 4-7 PM on these days. It is expected that precipitation later in the week will cool things off and reduce grid demand to lower levels.
Current PJM 2020 Coincident Peaks:
- 7/20 145,704 MW
- 7/9 144,272 MW
- 7/6 142,186 MW
- 7/21 141,618 MW
- 7/8 139,350 MW
Figure 2: PJM - Forecast and Actual MW, by 5
Reach out to your energy advisor or contact us for more details.