Quote:
Originally Posted by accord1999
But how much of that is from residential and industrial demand destruction from extraordinarily high electricity costs?
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Certainly some is from demand destruction, as much as 8% in the last 3 quarters of the year. Mild temperatures certainly also helped. But even if that goes back up, the renewables are still coming on at a fast pace and should help. The biggest issues coping with the gas shortage was expected to be that a 1 in 500 year drought left hydro way down and nuclear was simply not reliable and many plants were shut down for repairs. In the end, a combination of solar adding 50GW, strong winds, mild temperatures, and demand destruction left coal plants at less than 18% capacity. The nuclear that was down plus some hydro coming back on will really help