ERCOT cautions of a potential power emergency this week

Alexandra Hart | Source: Texas Standard | Posted 04/30/2024

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ERCOT late last week warned of a potential power emergency starting Monday evening through Wednesday. The electrical grid operator said there may be a shortfall of power reserves, and that it was adjusting planned power plant outages to shore up supply for the anticipated shortage.

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ERCOT issued a warning about a potential power shortage from Monday to Wednesday due to a shortfall in power reserves. The operator is adjusting planned power plant outages to address the anticipated shortage in Texas.

Energy analyst Matt Smith highlighted that the warning stems from a beginning increase in demand with warmer temperatures, coinciding with supply sources undergoing maintenance. Despite the warning, ERCOT's website shows demand expected to remain below available capacity, with forward power prices for August already surging due to speculation about potential grid threats during peak summer demand.

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Source Link: https://www.texasstandard.org/stories/ercot-cautions-of-a-potential-power-emergency-this-week/

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ERCOT cautions of a potential power emergency this week

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