Commodities and Futures News

Texas power grid to resume normal operations, cancels emergency alerts

2023.09.07 00:09


© Reuters. Power lines are seen during a heatwave with expected temperatures of 102 F (39 C) in Dallas, Texas, U.S. June 12, 2022. Though the heat wave caused electricity use in Texas to reach an all time high, the power grid remained largely stable without major is

(Reuters) – The Texas power grid operator said late on Wednesday it was resuming normal operations after lifting emergency measures, but still encouraged users to reduce power electric use.

The Electric Reliability Council of Texas (ERCOT), which serves more than 26 million customers, had earlier declared an Energy Emergency Alert Level 2 (EEA 2), as operating reserves continued to drop.

An EEA 2 is issued when the grid’s operating reserves have dropped below 1,750 megawatts (MW) and are not expected to recover within 30 minutes. ERCOT could call for controlled outages if demand is not reduced or additional supply cannot be added from generators.

The grid operator had earlier warned of potential power shortages and appealed for energy conservation due to continued high temperatures, increased demand, low wind, and declining solar power generation.

To maintain stability of the grid, ERCOT brought all available generation online, released remaining reserves, and used demand response to lower electric demand, it said in its latest release to customers.

“No power outages associated with the ERCOT power grid were necessary,” ERCOT said, adding that Texas had set a new September peak demand record of 82,705 Megawatts (MW).

That was still below its all-time peak demand record of 85,435 MW hit on Aug. 10.

Extreme weather in Texas has been in focus since a deadly storm in February 2021 left millions without power, water and heat for days as ERCOT struggled to avoid a grid collapse.

Real-time power prices briefly hovered around $5,000 in most of ERCOT’s Texas hubs, according to the ERCOT website.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 85,360.87 3.68%
ethereum
Ethereum (ETH) $ 2,322.86 6.42%
tether
Tether (USDT) $ 0.999103 0.00%
xrp
XRP (XRP) $ 2.20 4.23%
bnb
BNB (BNB) $ 612.53 1.73%
solana
Solana (SOL) $ 138.33 2.76%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.205986 2.22%
cardano
Cardano (ADA) $ 0.657175 3.94%
staked-ether
Lido Staked Ether (STETH) $ 2,321.51 6.46%
tron
TRON (TRX) $ 0.227618 0.33%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,321.86 3.75%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,771.45 6.15%
chainlink
Chainlink (LINK) $ 15.23 0.78%
litecoin
Litecoin (LTC) $ 123.89 4.72%
avalanche-2
Avalanche (AVAX) $ 22.37 1.72%
sui
Sui (SUI) $ 2.92 3.13%
stellar
Stellar (XLM) $ 0.288405 1.58%
the-open-network
Toncoin (TON) $ 3.46 3.26%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.32%
leo-token
LEO Token (LEO) $ 9.09 0.56%
hedera-hashgraph
Hedera (HBAR) $ 0.198589 1.34%
usds
USDS (USDS) $ 1.00 0.06%
polkadot
Polkadot (DOT) $ 4.85 3.19%
mantra-dao
MANTRA (OM) $ 7.30 4.56%
hyperliquid
Hyperliquid (HYPE) $ 20.61 0.13%
weth
WETH (WETH) $ 2,320.84 6.48%
ethena-usde
Ethena USDe (USDE) $ 0.999387 0.00%
bitcoin-cash
Bitcoin Cash (BCH) $ 295.72 0.27%
uniswap
Uniswap (UNI) $ 8.03 3.61%
bitget-token
Bitget Token (BGB) $ 4.02 7.51%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,460.44 6.55%
monero
Monero (XMR) $ 214.75 2.11%
whitebit
WhiteBIT Coin (WBT) $ 26.43 1.48%
near
NEAR Protocol (NEAR) $ 3.04 0.39%
aptos
Aptos (APT) $ 6.11 8.73%
pepe
Pepe (PEPE) $ 0.000008 1.25%
dai
Dai (DAI) $ 1.00 0.01%
internet-computer
Internet Computer (ICP) $ 6.51 1.30%
ondo-finance
Ondo (ONDO) $ 0.991044 0.01%
aave
Aave (AAVE) $ 204.26 1.24%
bittensor
Bittensor (TAO) $ 362.22 3.59%
susds
sUSDS (SUSDS) $ 1.04 0.10%
ethereum-classic
Ethereum Classic (ETC) $ 18.85 0.48%
okb
OKB (OKB) $ 44.99 3.14%
gatechain-token
Gate (GT) $ 21.32 2.96%
official-trump
Official Trump (TRUMP) $ 13.29 2.45%
mantle
Mantle (MNT) $ 0.759178 4.95%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.36 7.95%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,391.88 3.70%