Texas grid strained by record electricity demand amid summer heatwave
- Renewable energy sources reached a new high but transmission infrastructure cannot handle full load, resulting in curtailment and economic burden.
- Grid operator ERCOT forecasts breaking all-time record electricity usage multiple times in coming weeks due to heatwave.
- Real-time power prices reached over $3,400 per interval due to strain on the grid from spiking AC usage.
- ERCOT expects to have enough reserve capacity to meet demand and avoid serious disruptions.
- High temperatures driving up natural gas prices, which fuels about half of Texas' electric generation.