Weekly Price Recap: 3/1 - 3/7
Griddy members had a great week last week, paying 7.1¢/kWh vs. the Texas average of 11.9c/kWh, which is 68% higher!
There was 1 spike across the state last week, which came on Monday morning and was due to a sharp decline in wind generation. Due to the volatile nature of West and South Texas, the West and South load zones saw 6 spikes each. These spikes can be attributed to congestion on the grid. With volatility comes opportunity, and there was over 4 hours of negative pricing across the state and 19 hours of negative prices in West Texas last week!