Texas power prices soared 100% on Tuesday amid a massive heat wave that broke some records.
• The price shot up to about $5,000 per megawatt-hour from $2,500 earlier in the day.
• Temperatures topped 110 degrees in parts of Texas on Tuesday.
Texas power prices doubled on Tuesday as record high temperatures in parts of the state sent demand for cooling soaring.
By the evening,…
This story from markets.businessinsider.com was posted on 2023-06-22 by @mapleaf.