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 real-time power price spikes above $1,100/MWh

Electric Power

PJM CEO Andy Ott goes in depth on energy and capacity market design changes

Electric Power

Platts Market Data – Electric Power

Commodities | Energy | Electric Power | Emissions | Renewables | Natural Gas | Natural Gas (North American)

Northeast Power and Gas Conference

Electric Power

FERC OKs Cal-ISO plan to improve key tool linked to scarcity pricing

ERCOT real-time power price spikes above $1,100/MWh

Houston — The Electric Reliability Council of Texas footprint saw real-time prices jump to over $1,100/MWh Monday on record-breaking load expected, driven by late-season heat in the region.

Not registered?

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

Register Now

Real-time prices spiked across the footprint as Houston Hub real-time prices reached around $1,150/MWh at around 1:45 pm CDT (1845 GMT) Monday, while the prices across other hubs averaged about $200/MWh around the same time.

The Houston Hub on-peak real-time futures price for balance-of-the-day was valued about $150/MWh on Intercontinental Exchange as of 1:50 pm, almost four times the prior settlement in the high $30s/MWh.

ERCOT load was around 55.3 GW for the hour ending 1 pm, which was flat from the current-day forecast but well above the day-ahead forecast of 53.8 GW.

The grid operator also projected peakload to top 62 GW at 5 pm, surpassing the current all-time high for October of 59.9 GW set in 2016, before dropping significantly to around 45 GW Tuesday.

High temperatures across Texas' major cities were expected to fall from the low to mid-90s degrees Monday to the low 70s to low 80s Tuesday, compared with seasonal averages in the low to mid-80s, according to CustomWeather data.

--Jeff Zhou,

--Edited by Annie Siebert,