Electricity Prices Surge With Heat Wave

subscribe

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.

Related News

global energy crunch

4 ways the energy crisis hits U.S. electricity, gas, EVs

WASHINGTON - A global energy crunch is creating pain for people struggling to fill their tanks and heat their homes, as well as roiling the utility industry’s plans to change its mix of generation and complicating the Biden administration’s plans to tackle climate change.

The ripple effects of a surge in natural gas prices include a spike in coal use and emissions that counter clean energy targets. High fossil fuel prices also are translating into high prices and a supply crunch for key minerals like silicon used in clean energy projects. On a call with investors yesterday, a Tesla Inc. executive…

READ MORE
vancouver-reversal-on-gas-appliances

Vancouver's Reversal on Gas Appliances

READ MORE

rolls royce nuclear

Rolls-Royce signs MoU with Exelon for compact nuclear power stations

READ MORE

offshore wind turbine

Marine Renewables Canada shifts focus towards offshore wind

READ MORE

geothermal power

Swiss Earthquake Service and ETH Zurich aim to make geothermal energy safer

READ MORE