{"id":35351,"date":"2023-07-13T20:34:42","date_gmt":"2023-07-14T00:34:42","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/texas-power-use-breaks-record-for-second-day-in-heat-wave\/"},"modified":"2023-07-13T20:34:44","modified_gmt":"2023-07-14T00:34:44","slug":"texas-power-use-breaks-record-for-second-day-in-heat-wave","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35351","title":{"rendered":"Texas power use breaks record for second day in heat wave"},"content":{"rendered":"
\n

(Reuters) -Demand for power in Texas hit a record high for a second day in a row on Thursday as homes and business kept air conditioners cranked up during a lingering heat wave.<\/p>\n

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, has said it has enough resources available to meet soaring demand.<\/p>\n

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 scrambled to prevent a grid collapse after the closure of an unusually large amount of generation.<\/p>\n

After setting 11 peak demand records last summer, ERCOT said usage hit a preliminary 81,406 megawatts (MW) on Thursday, topping the record hit one day earlier, of 81,351 MW.<\/p>\n

Thursday’s high was the grid’s third all-time high this summer – June 27 was the first. ERCOT expects usage will set another record on Friday.<\/p>\n

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.<\/p>\n

Meteorologists at AccuWeather forecast high temperatures in Houston, the biggest city in Texas, would hit 100 degrees Fahrenheit (37.8 Celsius) almost every day from July 13-19. That compares with a normal high of 94 F for this time of year.<\/p>\n

\u00a0\u00a0\u00a0 With the heat building, next-day or spot prices at the ERCOT North Hub, which includes Dallas, jumped to a three-week high of $123 per megawatt hour for Thursday from $39 for Wednesday. That compares with an average of $34 so far this year, $78 in 2022 and a five-year (2018-2022) average of $66.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) -Demand for power in Texas hit a record high for a second day in a row on Thursday as homes and business kept air conditioners cranked up during a lingering heat wave. 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