{"id":46522,"date":"2023-08-09T20:16:54","date_gmt":"2023-08-10T00:16:54","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/texas-power-use-hits-another-record-during-heat-wave\/"},"modified":"2023-08-09T20:16:56","modified_gmt":"2023-08-10T00:16:56","slug":"texas-power-use-hits-another-record-during-heat-wave","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=46522","title":{"rendered":"Texas power use hits another record during heat wave"},"content":{"rendered":"
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(Reuters) -Demand for power in Texas hit a record high on Wednesday for the second time this week and ninth time this summer as homes and businesses powered their air conditioners to escape a lingering heat wave.<\/p>\n

After setting 11 new highs for demand last summer, the Electric Reliability Council of Texas (ERCOT) said power use hit a preliminary 83,961 megawatts (MW), which topped the most recent record of 83,854 MW on Monday.<\/p>\n

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 current demand.<\/p>\n

Energy analysts have highlighted that wind and solar power have helped ERCOT meet record demand so far this summer.<\/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 struggled to prevent a grid collapse.<\/p>\n

Day-ahead power prices are projected to rise more than $2,000 in most Texas Ercot hubs, according to the ERCOT website.<\/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 on Wednesday for the second time this week and ninth time this summer as homes and businesses powered their air conditioners to escape a lingering heat wave. 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