Although temperatures are soaring to 100-degree levels throughout the United States, much of the country seems to be well-supplied with electricity, according to Platts, a global provider of energy, petrochemicals and metals information.

Overall electricity demand has been hard-hit in general since the economic recession. 2009 saw the biggest decline in electricity demand in 60 years, and it hasn’t fully recovered.

During peak demand times, smaller less-efficient generators, called peakers, are called on to help meet demand and being the highest cost generator, they tend to establish the price of power.

Those peakers are natural gas fired and historically low natural gas prices are keeping the cost of operating those units lower than they would have been just a few years ago.

The growth in demand response in the power markets may also be keeping a lid on prices. Demand response services allow large consumers, usually industrial or commercial, to get paid for reducing power usage during times of peak demand.

On the supply side, electricity generating capacity has been built up over the last decade, after shortages led to major price spikes during 1998-2000.

The Eastern and Western Interconnections have had little trouble so far keeping up with demand this summer. However, the Electricity Reliability Council of Texas, which is more geographically isolated has asked for conservation from consumers after the unexpected outage of a nuclear power plant the week of July 11.

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