ERCOT asks Texans to limit electricity use with demand predicted to hit record

Must read

Law firms push to consolidate cases linked to weight loss drugs: Reuters

AmnajKhetsamtip Law firms representing people who claim that they were not adequately warned about the side effects of the GLP-1...

NUZE, WNW and ANY among mid-day movers

Nikolay Pandev/E+ via Getty Images Gainers: Meiwu Technology Company Ltd (WNW) +68%. Clearmind Medicine (CMND) +61%. Sphere 3D...

Five9 falls on report Zoom not interested in renewing takeover

Alistair Berg/DigitalVision via Getty Images Five9 Inc. (NASDAQ:FIVN) fell 5.4% amid chatter that Zoom Video (NASDAQ:ZM) is not interested in...

Bitcoin extends gains to above $43K; crypto-linked stocks climb

peterschreiber.media/iStock via Getty Images The Bitcoin (BTC-USD) rally isn't showing any signs of slowing as the highest-profile cryptocurrency on Tuesday...
Electricity poles and electric power transmission lines against vibrant orange sky at sunset on a hot day with flickering air. High Voltage towers provide power supply over a long distance.

Sebastian Frank/iStock via Getty Images

Texas’ power grid asked residents to voluntarily reduce power consumption Tuesday evening due to extreme heat and an anticipated record demand.

The request by ERCOT, which serves most of the state’s nearly 30M residents, was its first of the year to cut energy consumption.

The grid operator said it expects to have enough electricity generation to meet demand this week as temperatures likely will continue to hover near 100 degrees across Texas, although demand could push the grid to its limits during the hottest part of the day.

ERCOT forecasts electricity demand will climb to 81.2 GW by around 5 p.m. local time, which would surpass the all-time high set July 20, 2022.

Electricity prices for the highest demand hours quadrupled to more than $2,500/MWh compared with Monday.

Potentially relevant tickers include (NYSE:VST), (NYSE:NRG), (CNP), (EXC), (AEP), (SRE)

More on Vistra:

More articles

Latest article

Law firms push to consolidate cases linked to weight loss drugs: Reuters

AmnajKhetsamtip Law firms representing people who claim that they were not adequately warned about the side effects of the GLP-1...

NUZE, WNW and ANY among mid-day movers

Nikolay Pandev/E+ via Getty Images Gainers: Meiwu Technology Company Ltd (WNW) +68%. Clearmind Medicine (CMND) +61%. Sphere 3D...

Five9 falls on report Zoom not interested in renewing takeover

Alistair Berg/DigitalVision via Getty Images Five9 Inc. (NASDAQ:FIVN) fell 5.4% amid chatter that Zoom Video (NASDAQ:ZM) is not interested in...

Bitcoin extends gains to above $43K; crypto-linked stocks climb

peterschreiber.media/iStock via Getty Images The Bitcoin (BTC-USD) rally isn't showing any signs of slowing as the highest-profile cryptocurrency on Tuesday...

BP spuds first oil production well at new platform in huge Caspian Sea field

Oli Scarff/Getty Images News BP (NYSE:BP) said Tuesday it has started drilling the first production well from the new Azeri...