Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy

REA Response

By investing in the hydrogen economy, Texas can bolster ERCOT's capacity and ensure the resilience of our electric grid. The state’s abundant natural resources and infrastructure, combined with hydrogen technology, can add more dispatchable, affordable, and reliable power.

Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy

Fortune, May 18, 2024

Hotter temperatures in Texas are expected to set new all-time highs for energy use in the month of May, sending electricity prices spiking higher.

The state’s grid operator, the Electric Reliability Council of Texas (ERCOT), predicted demand would jump from 57,486 megawatts on Friday to 71,893 MW on Monday, 72,725 MW on Tuesday, and 74,346 MW on May 24, according to Reuters.

Read the full article here.

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REA Response