ERCOT predicts record-breaking power demand during Texas heat wave.

1 min read
Source: Reuters.com
ERCOT predicts record-breaking power demand during Texas heat wave.
Photo: Reuters.com
TL;DR Summary

The Electric Reliability Council of Texas (ERCOT) has projected that power use in Texas will break records next week due to the first heat wave of the summer season. Despite the expected surge in demand, ERCOT has assured that it has enough resources to meet it. The forecasts for Tuesday and Wednesday would top the grid's current record of 80,148 MW set on July 20, 2022. Power prices at the ERCOT North Hub, which includes Dallas, jumped to a four-month high of $80 per megawatt hour for Friday from $30 for Thursday.

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