Summer Energy Market and Electric Reliability AssessmentA Staff Report to the CommissionDEPARTMENT OF ENERGYFEDERAL ENERGY REGULATORY COMMISSION2023FEDERAL ENERGY REGULATORY COMMISSIONOffice of Energy Policy and InnovationOffice of Electric ReliabilityMay 18, 2023This report is a product of the Federal Energy Regulatory Commission Staff. The views expressed in this report do not necessarily reflect the views of the Commission or any Commissioner.2023 SUMMER ENERGY MARKET ASSESSMENT n 1 n FEDERAL ENERGY REGULATORY COMMISSIONPREFACEThe 2023 Summer Energy Market and Electric Reliability Assessment (Summer Assessment) provides staff’s outlook for energy markets and electric reliability focusing on the upcoming period from June to September 2023. The report contains four main sections. The first section summarizes the findings of the Summer Assessment. The second section details the weather outlook for summer 2023. The third section discusses energy market fundamentals, primarily electric market and natural gas supply and demand expectations, including expected North American Electric Reliability Corporation (NERC) regional resource adequacy details. The fourth section highlights unique issues nationwide and specifically addresses the potential implications of pipeline outages, drought, hydroelectric power, and wildfires on western United States (U.S.) energy markets. The 2023 Summer Assessment is a joint report from the Commission’s Office of Energy Policy and Innovation’s Division of Energy Market Assessments and the Office of Electric Reliability’s Division of Engineering and Logistics. KEY FINDINGSWeather Outlook: Higher-than-average temperatures are expected to have a significant effect on electricity demand for the coming summer....
