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Texas power use seen breaking records in heatwave through next week

Texas power use seen breaking records in heatwave through next week

reuters.com · 06/09/2022 11:32
Texas power use seen breaking records in heatwave through next week

By Scott DiSavino

- Power demand in Texas will likely set fresh all-time highs every day from June 10-13 as economic growth boosts usage and homes and businesses keep their air conditioners cranked up to escape a lingering heatwave.

The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state's power load, has said it had enough resources available to meet forecast demand.

The extreme weather reminds Texans of the 2021 February freeze that left millions without power, water and heat for days during a deadly storm as ERCOT scrambled to prevent a grid collapse after an unusually large amount of generation was shut.

AccuWeather forecast high temperatures in Houston, the biggest city in Texas, would rise from 97 Fahrenheit (36.1 Celsius) on Thursday to 102 F on Sunday. That compares with a normal high in the city of 91 F for this time of year.

After topping the June record on Tuesday when peak demand hit 72,785 megawatts (MW), ERCOT forecast usage would rise to 73,880 MW on Thursday, 75,691 MW on Friday, 75,794 MW on Saturday, 76,337 MW on Sunday and 76,779 MW on Monday. nL1N2XV0Z2

The peaks on Friday-Monday would top the grid's all-time high of 74,820 MW set in August 2019. nL2N2XA0YQ

One megawatt can power around 1,000 U.S. homes on a typical day, but only about 200 homes on a hot summer day in Texas.

Despite record demand, power prices at the ERCOT North Hub EL-PK-ERTN-SNL, which includes Dallas, rose to a near four-week high of $106 per megawatt hour for Thursday from $96 for Wednesday.

ERCOT forecast economic growth would boost peak demand to 77,317 MW this summer. The grid expects new wind and solar power plants added over the past year would increase resources available this summer to 91,392 MW.

Texas power demand to soar to record high this year Texas power demand to soar to record high this yearhttps://tmsnrt.rs/3GU6ZEM

U.S., Canada spot natgas prices soar on unusual spring heatnL2N2WX13U

Texas power demand hits monthly record in heatwavenL2N2X21V4

Texas cuts $9,000 power price cap after February freezenL1N2SO1PJ

UPDATE 2-Texas grid operator calls for power conservation as temperatures, prices soarnL2N2X52H4

Texas power use hits monthly record again during heatwave nL2N2XC0SN

Severe drought could pose problems for US power grid this summer -NERCnL2N2XA1KF

U.S. Midwest in danger of rotating power blackouts this summer nL1N2XQ0WD

GRAPHIC-Texas power use to hit record as temperatures soarnL1N2XT1OV

Texas power use to keep breaking records in this week's heatwavenL1N2XV0Z2

(Reporting by Scott DiSavino
Editing by Bernadette Baum)

((scott.disavino@thomsonreuters.com; +1 332 219 1922; Reuters Messaging: scott.disavino.thomsonreuters.com@reuters.net))