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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.
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