Weekly Price Recap: 5/10– 5/16
Griddy members had another week of savings last week, paying 7.2¢/kWh vs. the Texas average of 11.9c/kWh, which is 65% higher!!!
Houston and North Texas experienced 3 spikes this week, of all which lasted only 5 minutes. Two spikes came Sunday, due to wind generation underperforming, and one Wednesday morning due to over performance of demand. South Texas experienced 11 spikes, mostly Sunday and Monday, and West Texas had 2 spikes on Sunday afternoon, due to transmission line congestion caused by weak thermal generation output. There was also 2 hours and 45 minutes of negative pricing across the state and over 4 hours in West Texas!