ERCOT: Power Demand Rising More Slowly Than Expected

AUSTIN (February 28, 2014) Demand for electric power isn't growing as fast as previously thought, even during the hottest summer hours, the Electric Reliability of Council of Texas, which operates the electric distribution grid for most of the state, said Friday

ERCOT released a new 10-year outlook Friday that shows power reserves remaining below target levels by June 1, but they then are set to exceed reserve targets later in the summer, as well as in 2015 and 2016.

A report last May had showed reserves levels failing to hit target levels this summer, and then falling farther for 2015.

ERCOT said new power plants coming online by August will increase supply, and also cited more-efficient power use by consumers and improvements to its load forecasting methodology as reasons for the rosier future power reserve picture.

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