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Texas power need breaks record during heat wave, grid operator says

Need for power in Texas struck a record high on Tuesday as homes and services cranked up a/c unit to leave a. heat wave throughout the state.

Texas' surging population growth in recent years and its. status as a hub for a few of the most energy-intensive. markets, consisting of data centers and cryptocurrency mining,. have actually increase power demand and increased tension on its. vulnerable electrical grid.

After breaking peak-demand records several times in April. and May, Texas peak power demand reached an initial 85,558.98. megawatts (MW) on Tuesday, which topped the previous record of. 85,508 MW set on Aug. 10, 2023, according to the Electric. Reliability Council of Texas.

The council, which runs most of the grid for 27 million. customers, stated it anticipated demand would ease to 85,921 MW on. Wednesday.

The grid operator likewise said the power network was running. usually, with adequate supply available to meet expected demand.

One megawatt can power 800 homes on a regular day but as few. as 250 on a hot summertime day in Texas, when homes and companies. show up air conditioning system.

Temperature levels in Houston, the state's most significant city, were. anticipated to reach 103 degrees Fahrenheit (39 degrees Celsius) on. Tuesday before relieving to 100 F (38 C) on Wednesday, according to. AccuWeather meteorologists.

That compares with a regular high of 95 F (35 C) for this. season.

Next-day power rates at the ERCOT North Hub. << EL-PK-ERTN-SNL >, that includes Dallas, jumped about 157% to a. two-week high of around $102 per megawatt hour for Tuesday,. according to LSEG prices information. That compares to approximately$ 57 per

MWh so far in. August, and $33 up until now this year, $80 in 2023 and $66 from 2018. to 2022 ). Real-time

rates soared to nearly $1,600 per MWh throughout one. 15-minute period around 6 p.m. on Monday, according to the. grid operator's website.

(source: Reuters)