May 9, 2025

New England grid operator slashes 10-year load growth forecast on lower-than-expected EV adoption

Projected energy demand from electric vehicles and heating electrification are 47% lower in 2030 than the prior year forecast.

Falling Forecast: ISO New England Inc. lowered its 10-year load growth forecast by nearly half from last year’s outlook on slower-than-expected EV deployments and uncertainty around decarbonization initiatives. Under its 2025 projection released May 1, the rate of growth in net energy demand over the next decade is expected to reach 11.8%, down from last year’s 10-year forecast of 22%. ...

Details:

Filing Date: May 1, 2025

Docket Numbers:

n/a

Short Summary:

ISO New England Inc. lowered its 10-year load growth forecast by nearly half from last year’s outlook on slower-than-expected EV deployments and uncertainty around decarbonization initiatives. Under its 2025 projection released May 1, growth in net energy demand over the next decade is expected to reach 11.8%, down from last year’s 10-year forecast of 22%.

Impact Level:

Categories:

Energy Market Intelligence

Tags: Distributed Energy Resources, Electric Vehicles, Heating Electrification, Load Forecasts

Entities: ISO New England Inc.

Markets: ISO New England (ISO-NE)

Regions: Northeast

States:

Regulators: FERC

Courts:

Documents:

News Release