Rethinking Nodal Risk
How load growth is reshaping congestion, basis, and asset value
For the past decade, nodal risk was largely a supply story, as renewable development created congestion, curtailment, and negative basis at the edges of the grid. Today, large load is changing that dynamic. Areas that were once export-constrained are increasingly becoming import-constrained, reshaping historical congestion and pricing patterns.
In this webinar, ICF’s power markets team will examine where large load is landing across MISO, ERCOT, and PJM and what it means for congestion and basis. We’ll explore how major transmission buildouts, including MISO’s Long Range Transmission Plan, could change the outlook and where basis may widen or narrow. We’ll connect these shifts to asset value, including realized-price gaps for solar and wind and node-level spreads for storage.
What you’ll learn:
- How load growth is changing congestion and basis
- Where nodal risk may increase or decrease as load patterns change
- How major transmission expansion could alter market dynamics
- What these shifts could mean for solar, wind, and storage asset value
- Energy
- Power markets
- Data and analytics
Speakers
Pat Milligan
Director, Energy Markets
Pat Milligan is an expert in wholesale electricity markets and specializes in power price forecasting, asset valuation, and market advisory work for generators and consumers across North American markets.
Ayush Goel
Senior Manager, Energy Markets
Ayush Goel is a senior manager with expertise in asset valuation, power price forecasting, congestion, basis, and nodal analysis across US wholesale power markets for generators and consumers.
Dino Vivanco
Senior Consultant, Energy Markets - Power
Dino Vivanco is a senior consultant leading work in the MISO and SPP wholesale electricity markets. He specializes in power price forecasting, asset valuation, and market advisory work for generators and consumers.