Check it-- there is an error here. The projected prices given of $3000 to $7000 are for MEGAWATT hours, not kilowatt hours. The Saturday peak price of ERCOT West was $5500 per Megawatt Hour, not per Kilowatt Hour as stated. Still very high, but whew!! And, it is largely due to the huge demand for energy during this ongoing unprecedented nationwide cold snap, so it should be a somewhat temporary condition.
Check it-- there is an error here. The projected prices given of $3000 to $7000 are for MEGAWATT hours, not kilowatt hours. The Saturday peak price of ERCOT West was $5500 per Megawatt Hour, not per Kilowatt Hour as stated. Still very high, but whew!! And, it is largely due to the huge demand for energy during this ongoing unprecedented nationwide cold snap, so it should be a somewhat temporary condition.
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