{"id":47787,"date":"2019-08-13T15:58:20","date_gmt":"2019-08-13T20:58:20","guid":{"rendered":"https:\/\/olduvai.ca\/?p=47787"},"modified":"2019-08-13T15:58:25","modified_gmt":"2019-08-13T20:58:25","slug":"this-is-blowing-up-texas-energy-costs-hit-record-high-monday-as-heatwave-strikes","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=47787","title":{"rendered":"“This Is Blowing Up:” Texas Energy Costs Hit Record High Monday As Heatwave Strikes"},"content":{"rendered":"\n

“This Is Blowing Up:” Texas Energy Costs Hit Record High Monday As Heatwave Strikes<\/a><\/h3>\n\n\n\n

Power demand in Texas hit a record high on Monday as consumers turned up their air conditioners to escape a heatwave that is boiling much of the southern Plains over the next 7-10 days.<\/p>\n\n\n\n

“A large ridge of high pressure has anchored itself across the southern Plains over the last 7-10 days, promoting significant heat across Texas. As of Tuesday morning, Dallas has reached 100\u00b0F each of the last 4 days, while Houston’s Intercontinental Airport has hit 101\u00b0F each of the past 5 days. Generally speaking, warmer than normal temperatures will continue for the foreseeable future across Texas,” said Meteorologist and owner of Empire Weather LLC., Ed Vallee<\/a>.<\/p><\/blockquote>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

According to the Electric Reliability Council of Texas<\/a> (ERCOT), who operates the electric grid and supplies energy to more than 25 million customers, representing 90% of the state’s electrical load, reported that demand surged to 74,531 megawatts (MW) at 5 p.m. CDT on Monday and could reach 75,000 MW on Tuesday. Reuters notes that the all-time high was 73,473 MW on July 19, 2018.<\/p>\n\n\n\n

How the Drop in Oil Prices Impacts the Junk Bond Market<\/p>\n\n\n\n

ERCOT has 78,000 MW of generating capacity. As demand continues to reach critical levels, the grid operator could issue warnings to customers advising them to reduce energy.<\/p>\n\n\n\n

ERCOT Houston MW-hour jumped from $25 to $603 on August 12, a +2,237% move in 1,440 minutes.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

“This is blowing up, David Hoy, a trader at Dynasty Power, told Bloomberg<\/a>, “That should be the highest price of the year so far.”<\/p><\/blockquote>\n\n\n\n

Meteorologist Vallee said air temperature and humidity across the region could make temperatures feel closer to 110 through the week.<\/p>\n\n\n\n

In comparison to other grid operators across the country, ERCOT Houston is experiencing the most significant spikes in energy costs this week. <\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

\u00a0\u2026click on the above link to read the rest of the article\u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“This Is Blowing Up:” Texas Energy Costs Hit Record High Monday As Heatwave Strikes Power demand in Texas hit a record high on Monday as consumers turned up their air conditioners to escape a heatwave that is boiling much of the southern Plains over the next 7-10 days. “A large ridge of high pressure has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,4],"tags":[5646,2063],"class_list":["post-47787","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","tag-energy-costs","tag-texas"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47787"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47787\/revisions"}],"predecessor-version":[{"id":47789,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47787\/revisions\/47789"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}