Texas power prices spike more than 400% in one day as bomb cyclone sends energy demand soaring

Dec 23 2022 by Business Insider

 
Icicles hang off the State Highway 195 sign in Killeen, Texas.

Photo by Joe Raedle/Getty Images

In some parts of Texas, prices for power to be delivered on Friday evening more than quintupled, topping $500 per megawatt-hour. On Friday night, temperatures in Dallas, Austin and San Antonio are expected to dip below 20 degrees. Outage data shows roughly 53,000 Texas residents were experiencing a loss of power on Thursday. 

Forecasts for below-freezing temperatures in Texas sent power prices...

Continue Reading Texas power prices spike more than 400% in one day as bomb cyclone sends energy demand soaring