Weekly Price Recap: 4/5 – 4/11
Griddy members had another week of savings last week, paying 8.1¢/kWh vs. the Texas average of 11.9c/kWh, which is 47% higher!!!
There were 6 price spikes across the state with 3 on Wednesday evening and 3 on Thursday afternoon. Spikes on Wednesday were due to significantly lower wind generation than originally forecast in conjunction with some thermal units bringing down generation at an inopportune time. Spikes on Thursday were due to choppy wind generation throughout the day along with stronger overall demand.
As far as negative pricing goes, there was 3 hours in Houston and South Texas, 5 hours in North Texas, and 7 hours in West Texas!