{"id":57457,"date":"2021-04-14T06:16:25","date_gmt":"2021-04-14T11:16:25","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57457"},"modified":"2021-04-14T06:16:25","modified_gmt":"2021-04-14T11:16:25","slug":"texas-faces-new-power-crisis-prices-soar-10000-as-ercot-urges-power-conservation-amid-grid-emergency","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57457","title":{"rendered":"Texas Faces New Power Crisis: Prices Soar 10,000% As ERCOT Urges Power Conservation Amid Grid &#8216;Emergency&#8217;"},"content":{"rendered":"<header class=\"ArticleFull_header__11o5_\">\n<h3 class=\"ArticleFull_title__2cUI6\"><a href=\"https:\/\/www.zerohedge.com\/commodities\/ercot-may-enter-emergency-grid-prices-spike-cold-blast\">Texas Faces New Power Crisis: Prices Soar 10,000% As ERCOT Urges Power Conservation Amid Grid &#8216;Emergency&#8217;<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__38L44\">\n<div class=\"NodeContent_body__2clki NodeBody_container__1M6aJ\">\n<p>Texas&#8217; power grid operator, Electric Reliability Council of Texas (ERCOT), which came under immense pressure months ago for <a href=\"https:\/\/www.zerohedge.com\/energy\/texas-was-seconds-and-minutes-complete-disaster\">mishandling<\/a> the historic winter storm in mid-February, urged customers Tuesday afternoon to &#8220;reduce their electricity use&#8221; as a cold front swept\u00a0through, causing power demand to spike.<\/p>\n<p>ERCOT told customers to please &#8220;<a href=\"https:\/\/twitter.com\/ERCOT_ISO\/status\/1382086798063583234?s=20\">conserve energy at this time<\/a>. Consumers and businesses are urged to reduce their electricity use this afternoon and into the evening.&#8221;<\/p>\n<p>Texas&#8217; power grid operator also <a href=\"https:\/\/twitter.com\/ERCOT_ISO\/status\/1382085946032676864?s=20\">said<\/a>:<\/p>\n<div class=\"Advert_desktop__1J5vD Advert_tablet__3QEBr Advert_mobile__1rlLc Advert_borderTop__2PX5m Advert_placement__1I4yb\">\n<aside id=\"in-content-video\" class=\"\" data-google-query-id=\"CPfmxKHL_e8CFdJIhgodpn0K_A\">\n<div id=\"google_ads_iframe_\/21841313772\/zerohedge\/in_content_video_0__container__\" class=\"primisslate\">\n<div id=\"primis_container_div\">\n<div id=\"primis_playerSekindoSPlayer6076cc22e55c9\">\n<div id=\"Player-Div-SekindoSPlayer6076cc22e55c9\">\n<div id=\"Video-Div-SekindoSPlayer6076cc22e55c9\">\n<div id=\"Video-iFrame-SekindoSPlayer6076cc22e55c9\">\n<div id=\"layoutContainerDiv\">\n<div id=\"layoutDesign\">\n<div id=\"centerElements\">\n<div id=\"backBtn\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<blockquote><p><em>&#8220;Due to a combination of high gen outages typical in April &amp; higher-than-forecasted demand caused by a stalled cold front over TX, ERCOT may enter emergency conditions.\u00a0<\/em><\/p><\/blockquote>\n<p>With a cold front moving through the Lone Star state some generation units were already down for repair work. <a href=\"https:\/\/www.bloomberg.com\/\">Bloomberg<\/a> reports one spot price for Texas power jumped as much as 10,000% on Tuesday.<\/p>\n<p>In particular, the average spot on-peak electricity at Ercot\u2019s\u00a0North Hub\u00a0jumped more than 10,000% to $1,975.96 a megawatt-hour as of 4 p.m, according to grid data compiled by Genscape. <strong>Prices are capped at $2,000 a megawatt hour, after regulators suspended the previous $9,000 cap following the energy crisis.<\/strong><\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/ercot%20north%20hub%20peak.jpg?itok=3iupEqg0\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/ercot%20north%20hub%20peak.jpg?itok=3iupEqg0\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/ercot%20north%20hub%20peak.jpg?itok=3iupEqg0\" alt=\"\" width=\"500\" height=\"285\" data-entity-type=\"file\" data-entity-uuid=\"61dc3b70-f2da-48c2-8484-f60b80eeb4bf\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>The grid\u00a0has seen tight supply conditions as below-average temperatures pour into the state this week.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2021-04-13_15-31-33%20%281%29.gif?itok=jY3T9Z_m\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2021-04-13_15-31-33%20%281%29.gif?itok=jY3T9Z_m\" data-link-option=\"0\"><picture><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2021-04-13_15-31-33%20%281%29.gif?itok=jY3T9Z_m\" alt=\"\" width=\"500\" height=\"300\" data-entity-type=\"file\" data-entity-uuid=\"4ece3c3e-9f04-4b4f-8dbd-d5032f2c5a85\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<div class=\"Advert_desktop__1J5vD Advert_borderTop__2PX5m Advert_placement__1I4yb\">\n<aside id=\"in-content-desktop\" class=\"\" data-google-query-id=\"CJTvxKHL_e8CFQrHhgodp58DUg\">\n<div id=\"google_ads_iframe_\/21841313772\/zerohedge\/in_content_desktop_0__container__\"><\/div>\n<\/aside>\n<\/div>\n<p>So far, &#8220;We do not expect customer outages. Declaring an emergency would allow us to access additional resources,&#8221; ERCOT said, although it requested energy conservation.<em>\u00a0<\/em><\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfX0%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1382086798063583234&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Fcommodities%2Fercot-may-enter-emergency-grid-prices-spike-cold-blast&amp;partner=tweetdeck&amp;sessionId=9b468761211e39dfae2554160e90d291586a5fac&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=2d233ae%3A1618352735472&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1382086798063583234\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<blockquote class=\"twitter-tweet\" data-partner=\"tweetdeck\" data-twitter-extracted-i1618398238802720546=\"true\">\n<p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">ERCOT is requesting energy conservation at this time. Consumers and businesses are urged to reduce their electricity use this afternoon and into the evening.<\/p>\n<p>\u2014 ERCOT (@ERCOT_ISO) <a href=\"https:\/\/twitter.com\/ERCOT_ISO\/status\/1382086798063583234?ref_src=twsrc%5Etfw\">April 13, 2021<\/a><\/p><\/blockquote>\n<p>The internet was not\u00a0enthused by ERCOT&#8217;s grid warning today:<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Texas Faces New Power Crisis: Prices Soar 10,000% As ERCOT Urges Power Conservation Amid Grid &#8216;Emergency&#8217; Texas&#8217; power grid operator, Electric Reliability Council of Texas (ERCOT), which came under immense pressure months ago for mishandling the historic winter storm in mid-February, urged customers Tuesday afternoon to &#8220;reduce their electricity use&#8221; as a cold front swept\u00a0through, [&hellip;]<\/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":[3],"tags":[26552,2063,4318],"class_list":["post-57457","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-ercot","tag-texas","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57457","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=57457"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57457\/revisions"}],"predecessor-version":[{"id":57458,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57457\/revisions\/57458"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}