Property Abroad
Blog
Energy crisis: Biden and the press are sounding the alarm.

Energy crisis: Biden and the press are sounding the alarm.

Energy crisis: Biden and the press are sounding the alarm.

CRISES BY LAYOUT:The impending crisis in electricity supply. President Biden and the press continue to raise alarms about the climate crisis, which his policies cannot influence. However, at the same time, they ignore how government climate policy is contributing to the looming crisis in the power grid, which is more urgent and could have been prevented.

For many years, these pages have been warning about the shortage of electricity. And now, network regulators and electricity supply services are ramping up their warnings. The forecasts for the growth in electricity demand in the U.S.

Recommended real estate
Buy in USA for 178000€

Sale flat in Southbury 192 212 $

3 Bedrooms

2 Bathrooms

106 м²

Buy in USA for 299000$

Sale house in Chicago with city view 299 000 $

4 Bedrooms

1 Bathroom

107 м²

Buy in USA for 220000$

Sale flat in Chicago with city view 219 999 $

2 Bedrooms

2 Bathrooms

133 м²

Buy in USA for 625000$

Sale flat in New York with city view 625 000 $

1 Bedroom

1 Bathroom

78 м²

Buy in USA for 595000$

Sale flat in Fort Lauderdale 595 000 $

1 Bedroom

1 Bathroom

63 м²

Buy in USA for 550000$

Sale cottage in Houston with park view 550 000 $

4 Bedrooms

3 Bathrooms

258 м²

over the next five years have doubled in just one year.

Main culprits:

  • Georgia Power recently increased its winter electricity demand forecast for 2031 by 17 times, citing the growth of new industries such as electric vehicle and battery manufacturing plants.
  • AEP Ohio says that the new data centers and the planned $20 billion Intel chip factory will increase the load on the grid.
  • PJM Interconnection, which manages the wholesale electricity market in 13 states in the Midwest and Northeast, has doubled its 15-year annual demand growth forecast this year.

Don't expect energy to come from New York, which is approaching an electricity shortage as it shuts down nuclear and fossil fuel sources in favor of wind and solar power.

The new Micron chip manufacturing plant in northern New York is expected to require as much energy by the 2040s as the combined usage of New Hampshire and Vermont.

Construction of transmission lines

Connecting remote renewable energy sources to the grid usually takes 10-12 years. Due to these issues, former Energy Secretary Ernest Moniz predicted last week that utilities will ultimately be forced to rely more on gas, coal, and nuclear plants to meet explosive demand.

As Lionel Shriver writes: "When you involve people in the electrification of everything in their lives – cars, stoves, heating systems – while simultaneously enticing them to switch to electric vehicles with generous government subsidies, it turns out they use more electricity. Who would have thought? I guess that's why we need all these smart experts to analyze the complex technical details of environmental policy."

Comment