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Stock impact report

Navigating Energy Challenges: Erratic Temperature Extremes [Forbes]

Portland General Electric Co (POR) 
Last portland general electric co earnings: 4/24 05:00 am Check Earnings Report
US:NYSE Investor Relations: investors.portlandgeneral.com
Company Research Source: Forbes
getty Climate change is driving warmer winters, bringing unpredictable, erratic weather patterns and impacting an increasing number of Americans . As such, conventional forecasting methods are becoming less effective, leaving utilities vulnerable to unexpected spikes in energy demand. Often, this unpredictability typically results in either higher utility bills for customers or the use of peaker plants—sometimes playfully called " zombie plants "—which are not only costly but also contribute significantly to the very same pollution causing and amplifying these challenges. To meet demand, the Department of Energy has called for increasing virtual power plant capacity to 80-160 GW by 2030; at the moment, the U.S. grid produces around 30-60 GW of aggregate VPP capacity through the use of demand response programs. So, how can these demand response programs help utilities persevere? What Is Demand Response? Demand response is a decades-old conservation strategy that enables electric Show less Read more
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