Weekly Recap: 7/28 – 8/03 Our members had a much higher than usual rate last week and still did not did above the Texas average! Our members paid 11.4 c/kWh, a few ticks below the Texas average of 11.6c/kWh. https://www.gogriddy.com/blog/uncategorized/weekly-price-recap-7-28-8-03/ …pic.twitter.com/eT4VN8jx0D
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We had 3 sustained price spikes across the state this week. Caused by extremely high system-wide demand over 70,000 MW – the all-time record is 73,300 MW. That high demand also came during times of sporadic wind generation, so as the windmills slowed down, prices jumped up
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Replying to @GoGriddy
Wow, that is a crazy "price spike"!pic.twitter.com/n1npD9yGPb
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Replying to @DevonsWalter @owligator
Yup, there have been price spices. But, we've always said we are a long game and not a short game. Here is a chart that shows are prices and savings for the past 7 months. It has just been extremely hot.pic.twitter.com/BgcsN2vKiG
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Replying to @GoGriddy @owligator
Yes it is hot, but I wasn’t aware that the per year savings that supposedly make Griddy worthwhile can potentially be wiped out in 1 hot afternoon. $7.50 per kWh is catastrophic.
6 replies 0 retweets 15 likes
These spikes aren't uncommon for the wholesale market in Summer. The spikes of last summer are included in each estimate.
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