Texas power prices skyrocket as scorching heat pushes demand to record highs

Power lines and sunset landscape


Power lines and sunset landscape

Gargolas/iStock via Getty Images

Texas electricity prices for the grid surged more than 800% to top $2,500/MWh for Sunday evening, up from Saturday’s high of about ~$275, Bloomberg reported, citing data from grid operator ERCOT.

ERCOT said the surplus of available power capacity on

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