January 2024 was the month that Mother Nature wreaked havoc on the energy sector, specifically the electricity grids in the Western Canada, Pacific Northwest and Texas. There are several indicators that the brisk temperatures were going to have an impact on both supply and demand in the regions mentioned.
Figure 1 | Cold Stint - January 2024
The biggest factor continues to be load growth while the second element is tied to the renewable sector, including hydro generation. As the peak demand surfaces, the regions are finding it harder and harder to keep the lights on, rightfully so as capacity is not as accessible as it once was. One can purchase the content of this report by clicking the button below or subscribe to the Platinum/Platinum Plus eCommerce package offered on a monthly or annual basis to which you would get access to future and past publications.