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Winter power resources may be tight in parts of North America, NERC says

(Reuters) - The organization responsible for the reliability of the U.S. and Canadian power grids said on Wednesday that generation resources could be tight across a large portion...
Winter power resources may be tight in parts of North America, NERC says © Reuters. FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura/File Photo
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(Reuters) - The organization responsible for the reliability of the U.S. and Canadian power grids said on Wednesday that generation resources could be tight across a large portion of North America on the coldest days this winter.

The North American Electric Reliability Corp (NERC) said its 2022-2023 Winter Reliability Assessment warned "that a large portion of the North American bulk power system is at risk of having insufficient energy supplies during severe winter weather."

The United States has been beset by extreme weather events in recent years that forced power grid operators to impose rotating outages, as happened during a February 2021 freeze in Texas and an August 2020 heat wave in California.

Earlier this year, federal energy regulators and regional electric grid operators raised concerns about power reliability during the summer in the U.S. Midwest territory of the Midcontinent Independent System Operator (MISO).

Federal regulators also warned that the New England region faced its highest energy costs in more than 25 years this winter due to tight heating oil supplies and fierce competition for liquefied natural gas (LNG).

NERC said the assessment concluded that "high peak-demand projections, inadequate generator weatherization, fuel supply risks, and limited natural gas infrastructure are contributory factors to reliability risk."

It added that it will hold a briefing on the winter assessment on Nov. 17.

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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