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Saturday, September 21, 2024

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

Forecasts for below-freezing temperatures in Texas sent power prices surging more than 400% in the span of just one day. In some parts of the state, prices for power to be delivered on Friday evening more than quintupled from the prior day, topping $500 per megawatt-hour, according to Bloomberg. On …

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