By Tyler Durden | 14 June 2021
ZERO HEDGE — Goldilocks will not be pleased. Texas power prices infamously exploded higher during the frigid temperatures of the February winter storm that crippled so much of the state; and this time, amid blisteringly hot temperatures, Texas power prices are exploding higher once again as The Electric Reliability Council of Texas (ERCOT) asks Texans to reduce electric use as much as possible today through Friday, June 18.
A significant number of forced generation outages combined with potential record electric use for the month of June has resulted in tight grid conditions.
Generator owners have reported approximately 11,000 MW of generation is on forced outage for repairs; of that, approximately 8,000 MW is thermal and the rest is intermittent resources. According to the summer Seasonal Assessment of Resource Adequacy, a typical range of thermal generation outages on hot summer days is around 3,600 MW. One MW typically powers around 200 homes on a summer day. […]