Weekly Price Recap: 7/26 – 8/01
Griddy members had another week of savings last week, paying 7.0¢/kWh vs. the Texas average of 12.0c/kWh, which is 70% higher!!!
There was one spike across the state last week, occurring on Monday afternoon for 5 minutes. This was due to demand over-performance. South Texas experienced 8 additional spikes coming Monday afternoon, Thursday evening, Friday, and Saturday. These were due to congestion along the transmission grid. There was also one interval of negative pricing across the state last week.