PJM’s State of Market for 1st 1/2 of 2020
August 14th, 2020
PJM’s “independent” Monitoring Analytics (don’t know how independent it really is) has released its State of the Market report for the first two quarters of 2020, and there are some most interesting observations in this report. First, here’s the report:
The intro is astounding for the admissions about the electric market, decreased demand, and coal’s role:
That’s from page 2 of the PJM 2Q SoM Report.
Much of this new world is due to COVID, but the changes you see were in the works prior to COVID, which hit primarily starting 2nd Quarter. Demand has been lessening for a long time (the big increase circa 2003-2005 was when PJM territory expanded). Note that unlike MISO, it’s not strictly summer peaking, three peaks were in winter!
The histrionic squeals of “freezing in the dark on a respirator without a job” … or is it “in an incubator without a job,” either way, those fears did not materialize, and with the billions of dollars in transmission based on those hyped-up fears, where are we now? Another day older and deeper in debt…
And if you need wallpaper, do put up the LMP maps:
PJM: https://www.pjm.com/library/maps/lmp-map.aspx
MISO: https://api.misoenergy.org/MISORTWD/lmpcontourmap.html (something weird is going in MISO, the entire upper half is YELLOW!
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