Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.
Spot power prices remained high the following day, topping $4,000 per megawatt-hour for more than an hour on Thursday evening.
AdvertisementAdvertisementAt ERCOT's request, the Biden administration declared a power emergency in Texas on Thursday, waiving some air-pollution rules so generators in the state could produce more electricity.
Last month, Texas power prices soared 6,000% in one day.
And in June, power prices doubled in a single day ahead of an earlier heat wave.
Persons:
ERCOT, Biden
Organizations:
Service, Dallas Morning News, Electric, of Texas, Northern
Locations:
Texas, Wall, Silicon, Houston, Dallas, San Antonio, Europe