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Here is a $0.50 bet I will take with any Michigan Regulator!
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.
Any takers?
Thank Doug for the Post!
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