Commodity Market Report
The post-coronavirus recovery: North America power and renewables April 2021 short-term outlook
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Power markets are generally seeing a continuing return to normal as they shake off the lingering impacts from last year: - Average daily demand in April was 5% higher than the same time last year. Cumulative average daily demand between January and April for 2021 has returned to pre-pandemic levels. - While still facing increasing amounts of coal retirement announcements, or announcements that plants will be retired sooner (one recent IRP called for an additional 4.6 GW), coal generation looks to recover from 2020 levels, aided by this year’s winter weather, higher gas prices, and the improving demand outlook. For natural gas, overall we see generation staying flat or somewhat lower than last year, due to the higher prices. - Finally, new renewable additions continue to boom, with particular concentrations in ERCOT, WECC, MISO and SPP. We expect close to 41.5 GW solar, wind and battery storage coming online in the next three years.
Table of contents
- A step-by-step recovery
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Wood Mackenzie’s RE+ Breakfast Briefing: Impacts of the Inflation Reduction Act
Briefing for over 100 industry participants discussing the future of North America P&R markets and the impact of the Inflation Reduction Act
$3,500
Insight
Power On North America: evaluating behind-the-meter trade offs for data centers
Recent highlights from the North American power and renewables sector
$3,000
Insight
Power On Latin America: new grid access mechanisms improve pipeline confidence in Brazil
Recent highlights from the Latin America power and renewables sector
$3,000
