- Regional weather risks are emerging across New England, the Midwest, and the South, including potential water shortages and prolonged heat waves.
- Climate change will continue to transform the region, impacting the West and the Pacific Northwest.
Climate Change Expected to Increase Energy Demand Volatility in the West
What happened
A new report published by the California Energy Commission states that electricity demand in the West will become more volatile during the summer and winter as climate change effects continue. The report also notes that potential utility resource costs remain unclear.
From rtoinsider.com
Why it matters
The increasing volatility in energy demand could raise operational risk and planning costs for energy providers in the West. This shift may also increase market demand for energy storage and electric vehicle infrastructure.
Climate change is expected to continue transforming the region, with regional weather risks, including potential water shortages and prolonged heat waves, emerging across other areas like New England, the Midwest, and the South.
From rtoinsider.com
Who's involved
- WestRegion experiencing changing energy demand due to climate effects.
- California Public Utilities CommissionState government agency involved in regulatory oversight of utilities.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- TeslaSpeculative
Could see increased market demand for energy storage and electric vehicle infrastructure.
- Almonty IndustriesSpeculative
Might face higher operational expenses due to increased utility resource costs in the West.
- WestSpeculative
May incur higher operational risk and planning costs due to demand volatility.
- California Public Utilities CommissionSpeculative
Could need to adapt regulatory oversight to manage increased energy demand volatility.