Friday, December 8, 2023
HomeBusinessTexas power use hits record for sixth time this summer as heat...

Texas power use hits record for sixth time this summer as heat wave lingers By Reuters


Related stories

5 Advantages of Working with a Full-Service Cloud Partner

Upgrading your business’s cloud infrastructure all sounds very well...

SEO-optimalisatie met Ecoteers: Boost je Online Impact

Wil je de online zichtbaarheid van je bedrijf vergroten...

A Beginner-Friendly Guide To Wcofun – An Anime Streaming Platform

WCOFun is an online anime and cartoon streaming platform...

A Blueprint to Building Domain Authority with Backlinks

Improving your website's Domain Authority is pivotal for ranking...

© Reuters. The sun sets behind power lines above the plains north of Amarillo, Texas, U.S., March 14, 2017. REUTERS/Lucas Jackson

(Reuters) -Demand for power in Texas hit a record high for a sixth time this summer on Monday as homes and business kept air conditioners cranked up to escape a lingering heat wave.

The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state’s power load, said it has enough resources available to meet soaring demand.

Analysts said wind and solar power have helped ERCOT meet record-breaking demand this summer while maintaining reliability and keeping prices relatively low.

Texas residents have worried about extreme weather since a deadly storm in February 2021 left millions without power, water and heat for days as ERCOT struggled to prevent a grid collapse.

After the state hit 11 record highs for demand last summer, ERCOT said usage hit a preliminary 8,3047 megawatts (MW) on Monday, which topped the current all-time high of 82,592 MW on July 18.

Monday’s peak is about 2,744 MW over last year’s demand record of 80,148 MW set in July 2022, equivalent to the amount of power generated by about three nuclear power reactors.

Friday’s demand record will likely be broken again on Tuesday with ERCOT forecasting usage will reach 84,332 MW.

One megawatt can power around 1,000 U.S. homes on a typical day, but only about 200 homes on a hot summer day in Texas.

Next-day, or spot, prices at the ERCOT North Hub, which includes Dallas, jumped to a two-week high of $250 per megawatt hour for Monday. That compares with an average of $42 so far this year, $78 in 2022 and a five-year (2018-2022) average of $66.

Source link

Bellie Brown
Bellie Brown
Hi my lovely readers, I am Bellie brown editor and writer of I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting

Latest stories