{"id":47075,"date":"2023-08-11T03:42:30","date_gmt":"2023-08-11T07:42:30","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/texas-power-use-hits-3rd-record-this-week-in-heat-wave\/"},"modified":"2023-08-11T03:42:32","modified_gmt":"2023-08-11T07:42:32","slug":"texas-power-use-hits-3rd-record-this-week-in-heat-wave","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=47075","title":{"rendered":"Texas power use hits 3rd record this week in heat wave"},"content":{"rendered":"<div>\n<p>(Reuters) -Demand for power in Texas hit a record high on Thursday for the third time this week and the tenth time this summer as homes and businesses cranked up air conditioners to escape a lingering heat wave.<\/p>\n<p>The Electric Reliability Council of Texas, which operates the grid for more than 26 million customers representing about 90% of the state&#8217;s power load, said it has enough power to meet current demand.<\/p>\n<p>ERCOT said usage hit a preliminary 85,435 megawatts (MW) Thursday, which topped the record high of 83,961 MW hit on Wednesday.<\/p>\n<p>Thursday\u2019s peak is 5,287 MW over last year\u2019s demand record of 80,148 MW set in July 2022.<\/p>\n<p>The current demand record will likely be broken again on Friday with ERCOT forecasting usage will reach 86,621 MW.<\/p>\n<p>Temperatures in Houston, the biggest city in Texas, were as high as 104 degrees Fahrenheit (40\u00b0C) on Thursday, according to AccuWeather.<\/p>\n<p>Texas has worried about extreme weather since a deadly storm in February 2021 that left millions without power, water and heat for days as ERCOT struggled to avoid a grid collapse.<\/p>\n<p>In the real-time market, prices briefly topped $4000 per megawatt hour in some Texas ERCOT hubs, according to its website.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/general\/as-air-conditioners-fight-heat-wave-texas-power-use-hits-3rd-record-this-week-3152038\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Demand for power in Texas hit a record high on Thursday for the third time this week and the tenth time this summer as homes and businesses cranked up air conditioners to escape a lingering heat wave. The Electric Reliability Council of Texas, which operates the grid for more than 26 million customers representing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-47075","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Texas power use hits 3rd record this week in heat wave | iFintechWorld<\/title>\n<meta name=\"description\" content=\"(Reuters) -Demand for power in Texas hit a record high on Thursday for the third time this week and the tenth time this summer as homes and businesses\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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