When Summer Arrives, Texas’ Electricity Reserve Margins Will Be Tight
ERCOT points to higher oil and gas power demand, cancelled generation projects
Higher-than-expected demand for electricity coupled with cancellations of planned power generation projects will leave less room for error in the coming summer, according to the manager of the state’s power grid.
The Electric Reliability Council of Texas is forecasting next summer’s reserve margin for electricity, an important measure of the cushion between expected supply and demand, will be 8.1 percent, 2.9 percent lower than ERCOT predicted back in May.
Texas went into summer 2018 with an 11 percent reserve margin, enough for Texas to meet anticipated demand, according to ERCOT, which issued its summer 2018 forecast in April. But the latest forecast is expecting tighter electricity supplies statewide next summer…