HomeSeptember 22, 2014
Report: PJM Load Paying $433 Million in Higher Costs Annually Due to Energy Efficiency Omitted from PJM Capacity Market Load Forecast
Copyright 2014 EnergyChoiceMatters.com.
Load in PJM is paying $433 million in additional costs due to PJM's load forecast used in the capacity market undercounting the impact of energy efficiency, a report by Brattle prepared for the Sustainable FERC Project concludes.
The report said that PJM's capacity market load forecast does not account for projected cumulative GWh savings from new energy efficiency (relative to 2013) of 11,213 GWh (1.3% of load) in 2017 and 27,245 GWh (3% of load) in 2022.
That translates to $433 million in higher costs annually in the short-run, the report said.
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