By: Lauren Valdes

Weekly Price Recap: 10/27-11/2

Griddy members had a strong week last week paying only 9.0¢/kWh vs. the Texas average of 11.6c/kWh, which is 28.3% higher!

We had 10 price spikes this week, two lasting for ten minutes and the rest lasting only five minutes each. They took place on Monday night and Tuesday and Wednesday mornings, and were primarily due to brief undersupply conditions on the grid when either wind generation would suddenly drop off or a gas-fired plant would ramp down before another one had a chance to ramp up.

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