Surging natgas prices have added to power price pressures ERCOT broke demand records 11 times this summer Line congestion woes put $2.1 bln strain on producer costs Aug 25 (Reuters) – Texas’ electric grid operator has powered through record demand this summer by paying more to keep higher reserves and rewarding industrial consumers to cut usage, a combination that has added more than $1 billion to power fees. The Electric Reliability Council of Texas (ERCOT) has set new demand records 11 times this summer and twice asked consumers to turn up their thermostats in a season where demand approached 80,000 megawatts (MW). It had forecast peak summer demand earlier this year of 77,733 MW in January . Reuters Graphics Staving off a blackout became a priority after a February 2021 cold spell killed over 200 people, left millions of Texas homes and businesses without heat and power, and sent […]