So far (knock on a turbine) this week, the state’s power supply has kept pace with the demand, despite the prospect of more temps well beyond the century mark.
During the worst of the conservation requests this month,
generators could sell energy at the cap of $5,000 per megawatt for about five
hours. In normal conditions, retailers pay about $50 for a megawatt.
Matt Goodman explains how this demand will impact the average
energy consumer's wallet in the not-to-distant future, talking to several
people with a deep understanding of how the grid and wholesale energy prices
work, including former Ambit CEO Jere Thompson and former Stream CEO Rob
Snyder.
The long and the short of it is this: Your bills are high this
summer because they’re always high in the summer in Texas. But some are already
seeing an additional increase, and even more will start seeing them over the
next year.
“Your next power plan will likely start with a 2,” Snyder says,
referring to the cost per kilowatt hour on electricity plans. Current plans in
Dallas are around 14 cents per kilowatt hour. “It’s all because we don’t have
enough power to go around.”
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