New Jersey Power Market Outlook to 2030 - Market Trends, Regulation and Competitive Landscape
GlobalData's report, ""New Jersey Power Market Outlook to 2030 - Market Trends, Regulation and Competitive Landscape"", gives detailed information on the Peru power market and provides historical and forecast numbers for generation, capacity and consumption up to 2030. The research analyzes upcoming power projects, key import and export trends, regulatory frameworks and infrastructure for the market. This coupled with elaborate profiles of key market participants provides a comprehensive understanding of the market’s competitive scenario.
New Jersey’s demand for power has been increasing due to population growth and industrial expansion. The state’s grid infrastructure is part of the Pennsylvania-New Jersey-Maryland (PJM) Interconnection. In-state generation is less than demand, and this deficit is sourced from neighboring states over the PJM’s interconnected facilities.
Electricity demand and consumption in New Jersey have been growing as a result of economic growth. Industrial expansions, especially in the industry intensive fields of chemical processing and refinery businesses, are a major reason behind the rise in energy demand in New Jersey. Larger homes and the use of modern gadgets have also driven the demand for electricity.
Thermal fuel sources such as coal and gas are the major sources of power generation in New Jersey. There are also four nuclear power generating units in the state. The government of New Jersey has been replacing coal fired plants with gas fired power plants, and also encouraging the development of renewable sources. Electricity generation and consumption is expected to increase, with higher demand and additional capacity.
Statistics for installed capacity, power generation and consumption from 2000 to 2010, forecast forward 19 years to 2030
Break-up by renewable technologies, thermal, nuclear, and hydro
Data on key current and upcoming projects
Information on grid interconnectivity, distribution losses and power exports and imports
Policy and regulatory framework governing the market, including a review of energy and renewable energy policies
Detailed analysis of top market participant, including market share analysis and SWOT analysis for Public Service Enterprise Group Inc., GenOn Energy, Inc, Conectiv Energy
Data sourced from proprietary databases and primary interviews with key participants across the value chain
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