Electricity Prices Surge With Heat Wave
NEW YORK - The summer's heat came a little early this year for large parts of the U.S. stretching from the southwest to the northeast, causing demand and prices for electricity prices to pop higher.
Typically temperatures tend to peak in July and August, but this week they have already hit record levels for this time of the year in places like Houston, Minneapolis and Philadelphia.
"It's certainly an extreme weather pattern," said Accuweather.com meteorologist Dave Houk. "From Texas, Oklahoma, Kansas up to Arkansas, the big heat has been the most persistent and it comes in waves across the northern.
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Toronto Prepares for a Surge in Electricity Demand as City Continues to Grow
TORONTO - Toronto faces a significant challenge in meeting the growing electricity needs of its expanding population and ambitious development plans. According to a new report from Ontario's Independent Electricity System Operator (IESO), Toronto's peak electricity demand is expected to nearly double by 2050. This highlights the need for proactive steps to secure adequate electricity supply amidst the city's ongoing economic and population growth.
Key Factors Driving Demand
Several factors are contributing to the projected increase in electricity demand:
Population Growth: Toronto is one of the fastest-growing cities in North America, and this trend is expected to continue.…
