Summer heat comes early for ERCOT as prices spike to $80s/MWh

摘要

Electric Reliability Council of Texas wholesale spot power prices havejumped higher than the five-year March average high as parts of thestate hit 90-degree weather more than a month early.Hub prices across the ERCOT footprint have climbed between 22%and 39% week on week as temperatures started to spike March 23across the state into the upper 80s and low 90s degrees Fahrenheit, incontrast to the 50s and 60s just a few days earlier. Many areasexpected near-record high temperatures.The sudden spike in temperatures has pushed up power demandacross the state. ERCOT peakload has averaged 52,542 MW so far inMarch, 11.4% above the five-year March peakload average of 47,175 MW,according to ERCOT data.