Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

ERCOT power prices climb to mid-$250s/MWh as strong demand continues

Electricity | Energy | Electric Power | Emissions | Renewables

Global Energy Transition: What are the key drivers and hindrances?

Electric Power

Platts Market Data – Electric Power

Electric Power | Electric Power Risk | Banking | Private Markets

Nodal Trader Conference, 12th Annual

Electric Power

ERCOT stakeholders mull potential price corrections tied to software error

ERCOT power prices climb to mid-$250s/MWh as strong demand continues

Houston — The Electric Reliability Council of Texas continues to forecast strong demand for the next several days as day-ahead power prices continue to climb to values not seen in years.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

ERCOT North Hub day-ahead on-peak shot up $80 to around $255/MWh for Monday delivery on the Intercontinental Exchange, the highest value seen in several years. Looking back, day-ahead prices reached a summer high of $92/MWh in 2014, $145/MWh in 2013, $305/MWh in 2012 and $610/MWh in 2011, the hottest summer on record in Texas.

Balance-of-the-week on-peak is trading between $85/MWh and $130/MWh on ICE and averaging about $100.75/MWh.

System load in ERCOT is forecast to peak at 68,300 MW Friday, 65,450 MW Saturday, 64,725 MW Sunday and 67,850 MW Monday. Demand is projected around 67,675 MW through next week.


The current all-time peak demand record is 68,912 MW, reached between 4 and 5 pm CDT (2100-2200 GMT) Thursday, which broke the all-time record of 68,459 MW set just a day before. Before this week, the previous record was 68,305 MW set on August 3, 2011.

The high temperature for Friday is forecast at 103 degrees in Dallas, 102 in San Antonio and 101 in Houston. Temperatures are expected above 100 for at least the next two weeks. The August record high is 111 in Dallas, 110 in San Antonio and 106 in Houston.

ERCOT issued an extreme hot weather advisory Thursday through Saturday.

"We're expecting demand to remain at very high levels as temperatures stay above 100 degrees the next few days in most of Texas," Dan Woodfin, ERCOT director of System Operations, said in a statement Thursday. "ERCOT will continue to monitor system conditions closely to ensure we are prepared to maintain overall reliability and protect the grid."

This week's records are preliminary until final settlement in the ERCOT market, which occurs five days after the operating day, ERCOT spokeswoman Robbie Searcy said.

In July, ERCOT set peak demand records for the month on four consecutive days.

ERCOT manages the flow of electric power to nearly 24 million Texas customers, representing about 90% of the state's electric load.

--Kassia Micek, kassia.micek@platts.com
--Edited by Annie Siebert, ann.siebert@platts.com