Power prices climbed across much of Texas as demand exceeded projections and wind generation fell short of estimates.
Spot wholesale power in the Electric Reliability Council of Texas Inc.’s service territory increased by $13.53, or 49 percent, to average $41.32 a megawatt-hour for the hour ended at noon local time from the same time yesterday, grid data compiled by Bloomberg show.
Read more at Bloomberg.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.