Commodities and Futures News

Texas power grid operator issues energy conservation appeal for Tuesday

2023.08.29 14:13


© Reuters. FILE PHOTO: Wind turbines operate at sunrise in the Permian Basin oil and natural gas production area in Big Spring, Texas, U.S., February 12, 2019. REUTERS/Nick Oxford/File Photo

(Reuters) – The Texas power grid operator ERCOT issued an appeal to the public for energy conservation from 5 p.m. to 9 p.m. CT on Tuesday, as operating reserves were expected to be low, for the seventh time this month.

Despite the end of the heat wave that boosted demand in Texas to near record highs over the past couple of weeks, the state’s power grid operator, the Electric Reliability Council of Texas (ERCOT), projected electric supplies would only exceed demand by less than 2,000 megawatts around 8 p.m. local time on Tuesday.

Between Aug. 24 and Aug. 27, tight supplies forced ERCOT to urge customers to conserve energy for four days in a row after the sun went down and solar power stopped working.

Extreme heat boosts the amount of gas burned to produce power for cooling, especially in Texas, which gets most of its electricity from gas-fired plants. In 2022, about 49% of the state’s power came from gas-fired plants, with most of the rest coming from wind (22%), coal (16%), nuclear (8%) and solar (4%), federal energy data showed.

AccuWeather forecast temperatures in Houston, the biggest city in Texas, would reach a high of 38 degree Celsius (or 100.4 Fahrenheit) on Tuesday.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 63,319.97 1.06%
ethereum
Ethereum (ETH) $ 2,644.54 2.65%
tether
Tether (USDT) $ 1.00 0.02%
bnb
BNB (BNB) $ 594.62 2.64%
solana
Solana (SOL) $ 143.54 0.20%
usd-coin
USDC (USDC) $ 1.00 0.00%
xrp
XRP (XRP) $ 0.586443 0.30%
staked-ether
Lido Staked Ether (STETH) $ 2,642.71 2.84%
dogecoin
Dogecoin (DOGE) $ 0.106589 0.26%
the-open-network
Toncoin (TON) $ 5.68 2.34%
tron
TRON (TRX) $ 0.152602 0.85%
cardano
Cardano (ADA) $ 0.355136 1.19%
avalanche-2
Avalanche (AVAX) $ 27.43 2.51%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,118.90 2.70%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,173.93 1.02%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 0.35%
weth
WETH (WETH) $ 2,642.84 2.63%
chainlink
Chainlink (LINK) $ 11.39 2.14%
bitcoin-cash
Bitcoin Cash (BCH) $ 339.24 0.50%
polkadot
Polkadot (DOT) $ 4.37 1.06%
near
NEAR Protocol (NEAR) $ 4.93 11.61%
leo-token
LEO Token (LEO) $ 5.80 1.39%
dai
Dai (DAI) $ 1.00 0.06%
uniswap
Uniswap (UNI) $ 6.72 1.06%
litecoin
Litecoin (LTC) $ 66.98 0.18%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,770.95 2.73%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.66 5.65%
sui
Sui (SUI) $ 1.54 2.70%
kaspa
Kaspa (KAS) $ 0.164635 0.19%
internet-computer
Internet Computer (ICP) $ 8.45 3.07%
aptos
Aptos (APT) $ 7.81 1.64%
bittensor
Bittensor (TAO) $ 523.77 14.89%
pepe
Pepe (PEPE) $ 0.000008 0.57%
monero
Monero (XMR) $ 174.54 1.05%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.11%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.402513 0.74%
immutable-x
Immutable (IMX) $ 1.83 13.46%
stellar
Stellar (XLM) $ 0.096121 0.17%
ethereum-classic
Ethereum Classic (ETC) $ 19.03 1.01%
blockstack
Stacks (STX) $ 1.81 7.77%
ethena-usde
Ethena USDe (USDE) $ 0.999116 0.03%
aave
Aave (AAVE) $ 171.77 8.30%
okb
OKB (OKB) $ 40.08 1.05%
render-token
Render (RENDER) $ 6.11 11.44%
crypto-com-chain
Cronos (CRO) $ 0.086227 1.31%
filecoin
Filecoin (FIL) $ 3.73 1.61%
arbitrum
Arbitrum (ARB) $ 0.599919 0.93%
injective-protocol
Injective (INJ) $ 21.96 5.61%
hedera-hashgraph
Hedera (HBAR) $ 0.055919 4.83%
mantle
Mantle (MNT) $ 0.629879 0.46%