Electric Reliability Council of Texas wholesale spot power prices have jumped higher than the five-year March average high as parts of the state hit 90-degree weather more than a month early. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Hub prices across the ERCOT footprint have climbed between 22% and 39% week on week as temperatures started to spike March 23 across the state into the upper 80s and low 90s degrees Fahrenheit, in contrast to the 50s and 60s just a few days earlier. Many areas expected near-record high temperatures. The sudden spike in temperatures has pushed up power demand across the state. ERCOT peakload has averaged 52,542 MW so far in March, 11.4% above the five-year March peakload average of 47,175 MW, according […]