Right now, Texas is experiencing the most acute energy crisis in nearly 10 years. This afternoon, due to record low temperatures, load is forecasted to exceed system capacity by 10,000 megawatts.
For the first time in its history, the Southwest Power Pool (SPP) is calling for scheduled blackouts to ensure system reliability as demand surpasses available generation.
Demand response exists for days like today. Our customers are executing their electricity curtailment plans, earning demand response revenue, avoiding $9,000/MWh energy costs in Texas, and doing their part to help the electric grid resume normal operations as soon as possible.
The need for more demand response has never been more apparent. We continue to be in close communication with the Electric Reliability Council of Texas (ERCOT), the Midcontinent Independent System Operator (MISO), and SPP to provide additional relief today and moving forward.
As our dedicated team of Voltans rallies around Texas on this would-be three-day weekend, we are reminded that although the grid never sleeps, the key to ushering in the clean energy transition lies firmly in our hands.
President & Co-founder