By: Lauren Valdes

Weekly Recap: 11/17- 11/23

Griddy members had a good week last week paying 9.6¢/kWh vs. the Texas average of 11.6c/kWh, which is 20% higher!

We had 5 price spikes this week, one on Sunday morning, three Friday night, and one early Saturday morning.  On Sunday evening wind generation underperformed by about 1 GW & thermal generation was 3GW weaker than forecasted which led to a brief spike that only lasted 5 minutes. On Friday, warm temperatures sustained through the evening which led to demand overperforming. This along with wind generation underperforming led to short price spikes late Friday and early Saturday morning. Our poor friends in West Texas experienced 15 price spikes mostly due to congestion. But the rest of the state had a nice cheap week. In fact, prices for the North and Houston load zones went below zero 51 times!

Share this article: