The truth is much more nuanced. The average settlement price in the ERCOT wholesale power market during the worst three days of the storm was $100.76 per MWh, and prices never exceeded $600 per MWh.
The EIA forecasts Texas wholesale power prices will range from about $30/MWh in the ERCOT market, and $55/MWh in the part of the state that is managed by the Southwest Power Pool. Texas ...
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