Rare Texas Winter Storm Sends Energy Prices Soaring – An unprecedented winter storm that stretched from Canada all the way to the Gulf of Mexico has sparked another electricity price spike across the United States, seeing Texas temperatures trend 12-15 degrees below the long-term average of 45 F. – Natural gas demand skyrocketed with ERCOT gas power burn hitting 7.4 BCf per day on January 21, up 75% compared to the 2020-2024 average of 4.2 BCf per day, with aggregate loads only 0.6 GW away from reaching an all-time high. – Industrial facilities…
