Posted 3/17/2024, 1:05:56 AM
U.S. Power Grid Faces Loss of Up to 58,000 MW, Mostly Fossil Fuels, by 2030 Due to Price Drops and Regulations
- PJM Interconnection, the largest U.S. power grid, could lose up to 58,000 MW of mostly fossil fuel generation by 2030
- Over 33,000 MW at risk of retirement due to $49/MWh drop in capacity market prices in 2023, the largest annual decline since 1999
- Another 19,600 MW may retire early due to regulatory requirements
- Total projected retirements exceed last year's estimate by 18,000 MW
- Retirements could boost utility costs unless PJM secures replacement capacity before 2030
