Ascend Analytics Projects Robust Load Growth Through 2030, But Less Than ERCOT Forecasts

Ascend Analytics | Source: PR Newswire | Posted 09/05/2024

Ascend's ERCOT Market Forecast Report Highlights Shifting Dynamics in Texas, Including the Growing Relationship Between Wind and Scarcity Conditions that are Increasingly Moving into Sunset Hours and Extending into September BOULDER, Colo., Sept. 4, 2024 /PRNewswire/ -- Ascend Analytics ("Ascend"), the leading provider of market intelligence and analytics solutions for the energy transition, today announced the publication of its new ERCOT Market Forecast, the most recent release in its series of comprehensive analyses of changes in price volatility, curtailment, real-time market dynamics, and ancillary services across key energy markets in the United States and Europe. The market forecast is a core component of Ascend's Market Intelligence ("AscendMI™") solution and a foundational input into the company's platform of complementary operational and valuation products. This updated ERCOT Market Forecast examines the implications for developers, financiers, and utility planners of changing market fundamentals in the unique and rapidly expanding Texas power market. These include:

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The recently released ERCOT Market Forecast report by Ascend Analytics sheds light on the evolving energy landscape in Texas, particularly focusing on the correlation between wind energy and scarcity conditions during sunset hours extending into September. With projections indicating significant load growth and a transitioning energy mix dominated by renewables by 2031, the report highlights the implications for stakeholders such as developers, financiers, and utility planners in the expanding Texas power market.

Identifying shifting scarcity seasons, increased importance of September, and the emergence of 'duck-shaped' price trends due to solar deployment, the report underscores the need for market participants to navigate changing dynamics. According to Brent Nelson, Managing Director of Markets and Strategy at Ascend Analytics, the adjustments in ERCOT's energy-only market present new challenges and opportunities for storage developers and investors, characterizing the market with volatility and revenue risks amid the ongoing energy transition.

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Ascend Analytics Projects Robust Load Growth Through 2030, But Less Than ERCOT Forecasts

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