Exhibit 3 Gas demand for power will decrease on average and increase on peak days. Gas demand for power will decrease on average and increase on peak days.
Gas-fired power generation, average and peak, terawatt-hour of gas-fired generation per day
Average Peak
Midcontinent Independent System Operator and Southwest Power Pool
California Independent System Operator
Electric Reliability Council of Texas
4.4
+86%
2.4
2.4
+60%
1.5
0.8
1.7
0.5
+44%
1.3
0.9
0.6
0.3
0.1
2021
2040
2021
2040
2021
2040
Southeast and Florida Reliability Coordinating Council
Pennsylvania-New Jersey- Maryland Interconnection
Western Electricity Coordinating Council
7.0
+167%
4.3
+37%
3.1
2.6
2.6
+63%
1.6
2.3
1.8
1.5
1.5
1.2
1.0
2021
2040
2021
2040
2021
2040
McKinsey & Company
needs to balance out the three imperatives of decarbonization, affordability, and reliability.
rate. The regulatory and market mechanisms that will support such investments are the key unlocks in this regard. Addressing this challenge requires collaboration across the entire value chain—gas producers, pipeline operators, utilities or power producers (PPs), ISOs or regional transition organizations (RTOs), and policy makers—and a recognition that the solution
Pipeline and storage operators: These operators in particular will be affected by this. Together, lower average gas demand and the costs of increasing gas infrastructure capacity pose a unique challenge for pricing the delivery of midstream gas services to customers.
Accelerating the journey to net zero
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