"Texas Power Demand Soars to New Heights in Scorching Heat Wave"

Texas experienced record-breaking power demand for the second consecutive day as a heat wave persisted, causing homes and businesses to heavily rely on air conditioning. The Electric Reliability Council of Texas (ERCOT) assured that it has sufficient resources to meet the soaring demand. Following a devastating storm in February that left millions without power, Texans have been concerned about extreme weather. ERCOT reported a preliminary peak demand of 81,406 megawatts (MW) on Thursday, surpassing the previous day's record of 81,351 MW. With meteorologists predicting high temperatures in Houston, ERCOT expects another record to be set on Friday. Spot prices at the ERCOT North Hub also surged to a three-week high due to the heat, reaching $123 per megawatt hour.