Texas and California are opposites in many ways, including their expectations for power prices in the summer ahead. Texas set single-day demand records several times last year and is anticipating more sizzling temperatures — and higher power prices — this year with demand expected to be near available supply. It’s the opposite for California, where the state’s extensive renewable buildout and higher-than-normal hydropower resources are helping keep a lid on power costs. In today’s RBN blog, we’ll examine the factors impacting Texas and California that are causing these polarizing power conditions.
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