Heat wave pushes Texas grid to unofficial peakload record, prices to quadruple digits

The Electric Reliability Council of Texas set an unofficial peakload record of 85,559 MW Aug. 20, barely topping the 85,508-MW record set Aug. 10, 2023, and systemwide real-time wholesale power prices spent 75 minutes above $2,000/MWh and 2.5 hours above $100/MWh amid persistent triple-digit temperatures across Texas. However, temperatures are forecast to ease the remainder of the week, peakloads are… The Electric Reliability Council of Texas set an unofficial peakload record of 85,559 MW Aug. 20, barely topping the 85,508-MW record set Aug. 10, 2023, and systemwide real-time wholesale power prices spent 75 minutes above $2,000/MWh and 2.5 hours above $100/MWh amid persistent triple-digit temperatures across Texas. However, temperatures are forecast to ease the remainder of the week, peakloads are… Read More