Weekly Price Recap 10/6– 10/12
Griddy members paid 10.2/kWh vs. the Texas average of 11.6c/kWh, which is 14% higher!
We had 1 price spike last week on Sunday afternoon as two generating units tripped bringing 1,000 MWs of supply offline. Other power plants quickly responded to bring the grid back into balance, but that outage left only a narrow margin of 1,500 MWs of available generation. With so little available generation, ERCOT triggered their price adders leading to an extended spike.