Basin Electric directors approve 2020 load forecast
At its January meeting, Basin Electric’s board of directors approved the load forecast for 2020-2050. The forecast shows growth at 1.64% annually across the membership, according to Jay Lundstrom, Basin Electric lead load forecast analyst. The national average growth is 0.71%.
Lundstrom said the 30-year forecast shows about 90 megawatts (MW) of growth per year through 2050. Most of this growth will take place in the next five years. During this period Basin Electric’s members can expect to add nearly 1,200 MW.
While the growth across the membership is impressive, about 13.5% of Basin Electric’s distribution members are seeing flat to declining sales.
The load forecast is the main tool used for power supply planning, financial forecasting, and rate planning. “The forecast is also used for transmission planning, making sure we have the right assets in the right place,” Lundstrom said.