"Record-Breaking Heat in Texas Sends Power Prices Soaring"

Texas electricity prices surged over 800% to top $2,500/MWh as scorching heat pushed power demand to record highs. The state's major grid operator, ERCOT, expects power usage to peak at an all-time high of nearly 84.4 GW, but potential power supply problems may arise once solar generation decreases at sunset. ERCOT has issued a weather watch due to forecasted higher temperatures, increased demand, and potential lower reserves as much of the state experiences excessive heat warnings.