Summertime Not a Fun Time for ERCOT, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 08/12/11 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- This year is unfolding as one of record-breaking energy demand for Electric Reliability Council of Texas Incorporated (ERCOT) (Austin, Texas), which manages approximately 85% of Texas' electric load, covering about 75% of the state's total area. ERCOT's own forecast, issued June 30, predicted a peak summer demand this year of 63,898 megawatts (MW), based on "the assumption that 'normal' (or typical) weather is milder during forecasted summer peak days than was experienced in 2010." However, this assumption was shattered last week, when sweltering temperatures pushed power demand in Texas to record levels three straight days in a row.
Making matters worse was a significant amount of unplanned outages at Texas power plants. Last week's critical situation caused the price of wholesale electricity sold in ERCOT to skyrocket. Spot prices for electricity reached their capped limit of $3,001 per megawatt-hour at peak times last week.
Companies featured: (NYSE:NRG)
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at , or browse other breaking industrial news stories at .
Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to or visit us online at .
Follow us on: - -
Contact:
Joe Govreau
713-783-5147
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.08.2011 - 04:20 Uhr
Sprache: Deutsch
News-ID 1030077
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
SUGAR LAND, TX
Phone:
Kategorie:
Equipment
Anmerkungen:
Diese Pressemitteilung wurde bisher 174 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Summertime Not a Fun Time for ERCOT, an Industrial Info News Alert
"
steht unter der journalistisch-redaktionellen Verantwortung von
Industrial Info Resources (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
