Emerging technologies move forward: ERCOT power and renewables H1 2017 long-term highlights
In this outlook we have extended our forecast to 2040 (from 2036) to help give longer visibility around prices, supply and demand, and generator economics. A number of other changes stand out. Long-term electric demand is higher thanks in large part to a higher penetration of electric vehicles. In terms of thermal generation, many US coal and nuclear reactors reach the end of their 60 year life and retire. As a result, North America power gas demand will double over the forecast.