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(Zero Hedge) The Electric Reliability Council of Texas (ERCOT), which operates Texas’ electric power grid, asked households and businesses to conserve power this afternoon and warned of potential rolling blackouts.
The grid faces a "potential reserve capacity shortage with no market solution available," ERCOT said in a notice released Sunday night.
ERCOT asked people to reduce energy consumption between 1400-2000 local time when temperatures are expected to soar into triple-digit territory.
Scorching temperatures are driving record power demand and low wind output could push the grid near its breaking point. Current projections show wind generation coming in around 8% of its total capacity during peak hours today.
Today’s forecasted power demand is expected to be around 79,671 megawatts (near a record high)…Read the rest at Zero Hedge