Weekly Price Recap: 5/17– 5/23
Griddy members had another week of savings last week, paying 7.4¢/kWh vs. the Texas average of 11.9c/kWh, which is 61% higher!!!
There were 4 price spikes across the state last week. These spikes came on Friday afternoon and were due to system demand being 3,000 MW above expectations all while wind generation fell below 5,000 MW. Expensive generators in turn came on online to meet demand. Houston, North Texas, and West Texas also experienced 1 additional spike on Tuesday evening which was also due to stronger than expected demand necessitating expensive generation to pick up the slack. There was also 6 hours and 10 minutes of negative pricing across the state and 17 hours in West Texas!