Commodities and Futures News

California ISO says power demand reaching record levels amid heat wave

2022.09.07 00:15

California ISO says power demand reaching record levels amid heat wave
FILE PHOTO: A woman jogs by power lines, as California’s grid operator urged the state’s 40 million people to ratchet down the use of electricity in homes and businesses as a wave of extreme heat settled over much of the state, in Mountain View, Californi

(Reuters) – Demand for power is approaching record levels in California amid soaring temperatures, prompting the state grid operator to step up its calls for consumers to reduce electricity use in the afternoons and evenings to avoid outages.

“We are facing a load forecast of 48,817 megawatts and energy deficits between 2,000 and 4,000 megawatts for Monday, resulting in the highest likelihood of rotating outages we have seen so far this summer,” California Independent System Operator (ISO) said in a statement.

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