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S& Global Platts Crude & Refined Products Market
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US Power Forecast Q2'24: The energy transition’s reliability pivot - How power markets are responding
Duration: 1 hour
As fossil retirements increasingly collide with anticipated demand growth in the US, generation tightness in key markets may drive greater value across dispatchable asset classes. Over the past five months, no fewer than five regional markets revised planning reserve margins higher or took further steps to encourage dispatchable generation to come or remain online. The near- to mid-term forecast results in greater retention of existing fossil generation — primarily coal and peaking plants — along with higher additions of gas peaking generation than previously forecast. Battery storage is also forecast to benefit from this pivot to higher generation availability and reliability.
Hear our latest quarterly Power Forecast findings as our analysts discuss how the key power markets are implementing changes and their impact on power generation availability and value.
Speakers
Steve Piper
Director of Energy Research
S&P Global Commodity Insights
Kristin Larson, PhD
Principal Analyst Energy Research
S&P Global Commodity Insights
Arsalan Gul (Moderator)
Product Manager, MI Energy
S&P Global Commodity Insights
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US Power Forecast Q2'24: The energy transition’s reliability pivot - How power markets are responding
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