Texas Electricity Prices Rise as Power Demand Exceeds Forecast
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Spot wholesale electricity prices jumped in Texas as power demand exceeded expectations.
Power consumption on the Electric Reliability Council of Texas Inc. network averaged 33,235 megawatts during the hour ended at 3 p.m. local time, a 1 percent increase versus the day-ahead forecast of 32,893 megawatts, according to the grid’s website.