PJM Lowers Summer 2027 Peak Demand Forecast to 160 GW
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Source: seekingalpha
- Forecast Adjustment: PJM Interconnection has revised its summer 2027 peak demand forecast down to approximately 160 GW from 164 GW, reflecting concerns over the lack of firm electric service and construction commitments for data center projects, which may impact future grid expansion plans.
- Electricity Growth Outlook: Despite the downward revision, PJM still anticipates a 17% increase in electricity demand by 2030, primarily driven by data centers, indicating that long-term demand remains robust and could influence investment decisions in the power market.
- Capacity Auction Impact: The revised forecast will directly affect PJM's capacity auctions, which are used to secure power supplies, potentially leading to fluctuations in revenues for power producers and impacting the stock performance of related companies.
- Market Reaction: Following the demand forecast reduction, shares of major independent power producers experienced modest declines, with Vistra, Constellation Energy, and NRG Energy falling by 1.4%, 0.9%, and 0.5% respectively, reflecting a cautious market sentiment regarding future electricity demand.
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Analyst Views on CEG
Wall Street analysts forecast CEG stock price to rise
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 276.120
Low
350.00
Averages
414.86
High
460.00
Current: 276.120
Low
350.00
Averages
414.86
High
460.00
About CEG
Constellation Energy Corporation is a producer of emissions-free energy and an energy supplier to businesses, homes and public sector customers nationwide. The Company’s nuclear, hydro, wind, and solar generation facilities have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation's clean energy in the United States. Its segments include Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. Through its integrated business operations, it sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its nuclear fleet has a generating capacity of approximately 22 gigawatts (GWs). It operates approximately 10 GWs of natural gas, oil, hydroelectric, wind, and solar generation assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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