By Scott DiSavino (Reuters) - Power demand in Texas and other U.S. central states were on track to break records this week, with one region already ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Power demand in Texas and other U.S. central states were on track to break records this week, with one region already posting a new high, as homes and businesses crank up their air conditioners to escape another brutal heat wave moving slowly across the country.
The Electric Reliability Council of Texas , which operates the grid for more than 26 million customers representing about 90% of the state's power load, said it has enough resources to meet soaring demand. ERCOT forecast demand would reach 85,605 megawatts on Monday, which would be the grid's 11th all-time high so far this summer and top its current record of 85,435 MW set on Aug. 10.
Despite this week's forecast, next-day prices at the ERCOT North Hub, which includes Dallas, fell to a one-week low of $208 per megawatt hour for Monday, down from $343 for Friday. That compares with an average of $68 so far this year and a five-year average of $66.Power demand was also expected to break records in the U.S. central grids operated by the Midcontinent Independent System Operator and SPP.
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