- The Institute for Energy Research commented on a new state policy in New York on July 17th.
- Policy differences are driving up state energy costs, according to findings related to the Institute for Energy Research.
Power Demand Surging; Policy Issues Threaten Grid Reliability and Investment
What happened
Power demand is rising at an unprecedented rate due to extreme weather events, the expansion of artificial intelligence, data centers, and advanced manufacturing. To secure economic competitiveness and maintain reliability, the nation needs 166 gigawatts of new electricity supply by 2030. Failure to meet this threshold could lead to severe electricity shortages, rolling blackouts, and massive price spikes across the country.
From forbes.com
Why it matters
The current political environment is described as a partisan fight regarding favored and unfavored technologies. This situation is reportedly causing unpredictable policy to negatively impact the necessary private investment required to meet the growing power demand.
Policy differences are reportedly driving up state energy costs, according to findings related to the Institute for Energy Research. The Institute commented on a new state policy in New York on July 17th.
From forbes.com