Texas faces potential power price surge this summer due to heat-driven demand and computing-intensive businesses.
This summer, Texas may experience a surge in power prices due to heat-driven electricity demand and increased cooling system usage, while computing-intensive businesses like data centers and bitcoin mining also contribute to rising prices. In contrast, California's power prices for August are about 30% lower compared to last year's average, and they are expected to benefit from an abundance of hydropower. U.S. electrical grids are under pressure due to rising demand tied to electrifying transportation and businesses like data centers, while adding more power generation often takes years.
May 08, 2024
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