ERCOT real-time power prices spike near $1,500/MWh on record demand

Platts

The Electric Reliability Council of Texas footprint saw real-time prices jump to four-digit territory Wednesday afternoon as power demand rose above record May peakload with above-normal temperatures.

Real-time prices spiked across the footprint as real-time prices for all hubs averaged nearly $1,500/MWh for the 15-minute interval that ended 4:45 pm CDT, after shooting up above …

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