ERCOT predicts Texas summer energy rates will see increase

May 15, 2020   By Save On Energy Team

ERCOT predicts Texas summer energy rates will see increase

Texas will likely experience record summer energy rates, ERCOT predicts. Texans will likely see energy rates spike due to high summer temperatures.

“There is a lot of uncertainty in today’s world, but we are confident that Texas will still be hot this summer,” said ERCOT President and CEO Bill Magness. “Texans will need electric power as they do every summer, and ERCOT is prepared to do our part to keep it flowing reliably.”

ERCOT recently released its final Seasonal Assessment of Resource Adequacy (SARA) for the upcoming Texas summer months – lasting from June to September. The grid operator also released a preliminary assessment of the fall months and an updated Capacity, Demand and Reserves (CDR) Report.

In the final SARA, ERCOT predicted Texas will see record electricity usage as the summer temperatures increase the demand for energy.

ERCOT adjusted its peak load forecast to 75,200 MW. This forecast is 1,496 MW less than noted in the original SARA predictions. This new forecast was adjusted for economic impacts resulting from COVID-19 and the statewide stay-at-home order, which expired earlier this month.

The grid operator assures Texas energy consumers that this forecast will cover the expected energy demand under normal operating conditions. However, ERCOT also noted extreme weather, low energy generated from wind, or high summer temperatures may result in the need to declare Energy Emergency Alerts (EEAs).

To learn more about ERCOT’s summer predictions, see its press release.