US Power Forecast Q2'24: The energy transition’s reliability pivot - How power markets are responding

As fossil retirements increasingly collide with anticipated demand growth in the US, generation tightness in key markets may drive greater value across dispatchable asset classes. Over the past five months, no fewer than five regional markets revised planning reserve margins higher or took further steps to encourage dispatchable generation to come or remain online. The near- to mid-term forecast results in greater retention of existing fossil generation — primarily coal and peaking plants — along with higher additions of gas peaking generation than previously forecast. Battery storage is also forecast to benefit from this pivot to higher generation availability and reliability.

Hear our latest quarterly Power Forecast findings as our analysts discuss the markets implementing changes and the impact on power generation availability and value.