Weather & Science
Texas Power Prices Signal Grid Stress in Another Long, Hot Summer
- August prices for Dallas hit an 82% premium from a year ago
- Grid operator Ercot issues power warning for next week
Repairs to an air conditioning unit in Austin, Texas.
Photographer: Brandon Bell/Getty ImagesThis article is for subscribers only.
A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs.
Traders start looking at prices months in advance to gauge the outlook for demand.