Dive Summary:
- Monday, the Electric Reliability Council of Texas Inc. issued an advisory that energy reserves in North Texas have fallen below 3,000 megawatts.
- With Dallas heat eight degrees above forecasts, power demand surged and drove up the spot price on peak power to $900 a megawatt hour in North Texas.
- “Load is running just over the forecast and we have seen some generation trip today,” said Robbie Searcy,” said an Austin-based spokeswoman with Ercot, which manages power flow to 23 million Texans.
From the article:
“Electricity consumption was 43,068 megawatts at 4:15 p.m. The grid operator expects demand to peak at 43,223 megawatts.”