Weekly Price Recap: 8/04 – 8/10
As you probably noticed, we had extremely volatile pricing on the grid week last week. The heat came on strong and prices ramped up in response. For only the 4th week in Griddy’s history, our members paid more than the Texas average coming in at 15.8 c/kWh vs. the Texas average of 11.6c/kWh.
We had an unprecedented 14 price spikes, almost all of them driven by near-record demand on the grid. As temperatures got into triple-digits, air conditioners across the state were working hard and generators struggled to keep up with demand.