Weekly Price Recap: 3/29 – 4/4
Griddy members had another week of savings last week, paying 7.4¢/kWh vs. the Texas average of 11.9c/kWh, which is 60% higher!!!
There was 1 price spike across the state on Tuesday morning that lasted 5 minutes along with 1 more 5 minute price spike in South Texas also Tuesday overnight. These spikes were due to wind speeds being choppy thus leading to generation being 4,000 MW lower than forecast. North Texas, South Texas, and Houston had over 8 hours of negative pricing while West Texas reached over 34 hours of negative pricing in 1 week!