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The April 2016 “wind drought” shows that wind power is now a major driver of near-term fossil fuel demand


The April 2016 “wind drought” shows that wind power is now a major driver of near-term fossil fuel demand

Report summary

On Thursday April 21st Wood Mackenzie staff noticed a significant uptick in gas demand from the U.S. power sector during the week compared to the previous weeks in April. There was nothing obvious from power loads or nuclear outages that would warrant such an uptick in gas demand. Subsequently, an analysis of daily wind generation data posted by the various ISO’s and other publicly available data confirmed that there had been a large coincident drop in wind power output across most of the U.S., and this was mirrored by an uptick in power gas demand.


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This report includes 1 file(s)

  • The April 2016 “wind drought” shows that wind power is now a major driver of near-term fossil fuel demand PDF - 288.62 KB 3 Pages, 0 Tables, 2 Figures

Description

This Power Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues within the power industry, this report gives you an expert opinion and analysis to help inform your decision making.

Wood Mackenzie's detailed analysis and reliable market forecasts provide a strong reference, enabling a quick and concise description about the relationship between this event and its implications.

Underpinned by our extensive gas, coal and oil markets research, Wood Mackenzie's detailed analysis and reliable market forecasts provide a reliable foundation for investments and corporate planning. We help you understand key regulatory and economic drivers, and emerging industry tends in the power industry.

  • The April 2016 “wind drought” shows that wind power is now a major driver of near-term fossil fuel demand

In this report there are 2 tables or charts, including:

  • The April 2016 “wind drought” shows that wind power is now a major driver of near-term fossil fuel demand
    • Daily Average Wind Generation and Estimated Power Gas Burn (4/1/16 - 4/21/16)
    • ERCOT Hourly Wind Generation and Equivalent Gas Displacement (4/13/16 - 4/21/16)
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