Weekly Price Recap: 2/3-2/9
Last week our members averaged 8.2¢/kWh for the week while the average Texan paid 11.4¢/kWh – that’s 39% higher! There was only one price spike last week. It happened at 10:15 am on Friday as wind generation dropped off sharply, leaving the grid undersupplied. That pushed prices to 73¢/kWh for 5 minutes before those gas-fired generators came to the rescue, ramping up to meet demand and bring prices back down.