Two U.S. electric grids may not have enough power to meet demand plus required reserves on Thursday as homes and businesses crank up their air conditioners to escape a brutal heat wave blanketing Texas and other U.S. Central states.
The Electric Reliability Council of Texas , which operates the grid for more than 26 million customers, projected a "reserve capacity shortage with no market solution available for Thursday ... which causes a risk for an event."
Those steps include imports from other regions, calls for energy conservation and - in a worst-case situation - controlled, rotating outages to avoid uncontrolled blackouts. ERCOT forecast demand would reach 85,296 megawatts on Thursday, just shy of its 85,435 MW record set Aug. 10. Next-day prices at the ERCOT North Hub , which includes Dallas, soared to $925 per megawatt hour for Thursday from $255 for Wednesday. That compares with an average of $75 so far this year, $78 in 2022 and a five-year average of $66.The Midcontinent Independent System Operator , which oversees the grid serving 45 million people in 15 states from Minnesota to Louisiana, also projected it might not have enough resources to meet forecast demand on Thursday.
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