Weekly Price Recap: 4/7- 4/13
Another great Griddy week! Our members averaged 8.6 ₵/kWh while the average Texan paid 11.6 ₵/kWh – that’s 35% higher!!! Only 2price spikes this week, both coming on Thursday evening and lasting only 5minutes. They were caused by lower than expected generation from both windmills and steam generators. But as always, gas-fired plants ramped up in response to the high price and quickly brought things back in to balance. And this week, we had 3 hours of free and negative-priced electricity! Our poor friends in SouthTexas had a rough week though with several hours of price spikes caused by congestion on the state’s transmission lines, but the Houston and Dallas areas were unaffected.