The current ERCOT forecast indicates a lower load than was expected this morning. Adequate supplies of power are expected, albeit tight, barring any unforeseen outages.
ERCOT has issued a conservation notice from 3 PM to 8 PM today due to “extreme temperatures, forecasted high demand and lower reserves” according to a news release.
ERCOT notes that they are not experiencing emergency conditions at this time.
Morning and Afternoon Real-Time Locational Prices:
ERCOT this morning was forecasting very tight conditions for the afternoon. Loads were expected to exceed 85,000 MWs again (85,000 was a new peak just a couple of weeks ago and has become almost common for July-August now). See below for morning and afternoon graphs.