Post by schwartzie on Dec 24, 2022 17:58:55 GMT -5
Utilities Impose Rolling Blackouts As US Power Grid In Emergency Amid Cold Blast
BY TYLER DURDEN
SATURDAY, DEC 24, 2022 - 09:20 AM
Update (1724ET):
As night settles and temperatures plunge again, power grids in the country's eastern half are under severe stress. Review the latest updates for reports of widespread rolling blackouts.
Another utility has just warned about grid chaos. Dominion Energy has asked customers in Virginia and North Carolina to conserve power. The utility said high electricity demand would continue for days.
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Update (1720ET):
ISO New England warned it has "insufficient reserve supplies" and asked members to "voluntarily curtail power" amid grid strain.
According to Bloomberg, the grid operator declared an energy emergency level 1 and requested utilities to reduce electricity consumption.
"We have declared a power caution for the region, and is calling upon reserve resources due to the unexpected loss of generation and imports," spokesman Matthew Kakley said in an emailed statement.
Power demand soars above forecast, and supplies are tight. Power prices average more than $2,000 per megawatt hour across the grid.
About 70% of the power generation mix is oil, nuclear, and natural gas, while unreliable renewables barely account for 6%.
ISO New England has yet to implement rolling blackouts. We note below rolling blackouts have been used by utilities across parts of the Southeast US.