Press Releases
TVA Sets Summer 2024 Record Power Demand
- TVA hits highest summer peak this year: 31,096 megawatts at 3 p.m. CT Thursday, August 29.
- The all-time highest summer peak in TVA history: 33,482 megawatts at 5 p.m. CT on Thursday, August 16, 2007.
- The system performed well during the peak, and the bulk electric system is stable and secure.
KNOXVILLE, Tenn. — The Tennessee Valley Authority’s power system remained reliable and resilient during the latest heat wave that saw temperatures as high as 100 degrees in some locations across TVA’s seven-state region. The heat drove power demand on the system to the highest levels this summer, 31,096 megawatts at 3 p.m. CT on Thursday, because more electricity was needed to cool homes and operate businesses.
In June, TVA experienced 13 total days with a daily peak over 28,000 megawatts including a seven-day consecutive streak. For context, based on the last 10 years, it is typical for TVA to experience an average of around three total days over 28,000 megawatts in June.
“We started summer preparations this spring, learning from the record power loads set during Winter Storm Heather last January,” Aaron Melda, TVA Senior Vice President of Power Supply Operations, said. “We invested in 75 major reliability projects at our coal, gas and hydro units this spring to make sure we were ready for summer. Our focus was on making the critical investments needed to ensure energy security for the people of the region – this means providing reliable energy to meet growing electricity demand at the most affordable cost.
“We are grateful to our employees, and our local power company partners, who worked around the clock to ensure we were able to successfully supply power to keep everyone cool and safe during these extreme heat conditions.”
Because the region’s population is growing three-times faster than the national average, TVA is investing nearly $16 billion through FY27 to build additional generation and infrastructure while also enhancing reliability. TVA is building about 3,500 megawatts of additional generation and has made great progress by completing 1,400 megawatts and securing 800 megawatts of solar just this year.
About TVA
The Tennessee Valley Authority is the nation’s largest public power supplier, delivering energy to 10 million people across seven southeastern states. TVA was established 90 years ago to serve this region and the nation by developing innovative solutions to solve complex challenges. TVA’s unique mission focuses on energy, environmental stewardship, and economic development. With one of the largest, most diverse, and cleanest energy systems – including nuclear, hydro, solar, gas, and advanced technologies – TVA is a leader in our nation’s drive toward a clean energy future.
TVA is a corporate agency of the United States, receiving no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation, and land management for the Tennessee River system, and assists local power companies and state and local governments with economic development and job creation.
Contact
Scott Fiedler
Public Relations
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423-751-7883
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