Texas's Power Market Experiences Notable Shifts as Renewable Energy Generation Surges
On December 1st, Texas's power market experienced notable shifts as increased renewable energy generation led to declines in wholesale power prices, particularly in the day-ahead on-peak settlement at ERCOT's North Hub, which dropped approximately $28.25 per megawatt-hour (MWh). This decrease was largely influenced by forecasts of higher wind and solar power generation, with temperatures also playing a role as Dallas and Houston were expected to see warmer highs but colder lows in the following days.
