Here is a $0.50 bet I will take with any Michigan Regulator!
- May 27, 2021 10:53 am GMT
The commission in Michigan just posted the following:
- "COVID-19 led to a 5% reduction in electricity sales in 2020 compared to 2019, led by the industrial sector’s 16% decline, while residential electricity use increased 6.6% to 35.7 billion kilowatt hours, owing to Michigan residents working from home. Current weather projections call for a summer 2021 that’s 8% warmer than average, which could increase electricity use.
- The summer 2021 projected peak electrical demand plus planning reserve margin requirements are expected to be 21,459 megawatts (MW) — down slightly from 21,945 in 2020. Electric demand for Consumers Energy peaked at 7,675 MW and for DTE Energy at 10,337 on July 9.
- Generation capacity required to serve Michigan’s Lower Peninsula decreased by 178.1 MW in 2021-2022, while generation capacity requirements for the Upper Peninsula and eastern Wisconsin rose by 358.1 MW. "
With an 8% hotter summer and more industry running, I expect to break the 2020 Peak and approach the all-time high in state. I also expect that the peak will be later in the day, and that most of the solar will be done for the day when the peak occurs.