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Temperatures could drop to the single digits next week, and there’s a potential for freezing rain.
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Despite improvements in weatherization efforts, Texas' electric grid remains in a precarious position heading into the colder months.
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Bitcoin miner Riot Platforms made headlines over the summer for making millions by selling pre-purchased power back to the grid. The news highlighted how the grid can benefit businesses more than consumers.
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The increase is 5%, or about $2 per month. It will cover the costs the utility spent buying energy from ERCOT earlier in the year. It comes on the heels of another recent hike.
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The grid's independent market monitor has resigned after saying grid operators had "artificially" inflated energy prices.
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The Texas power grid operator reduced energy flowing along a key transmission line on Wednesday, exacerbating a power grid emergency.
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ERCOT went into emergency operations Wednesday night for the first time since 2021. It's still unclear what caused the power grid to get so close to rolling blackouts so quickly.
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To reduce strain on the grid, ERCOT will pay big energy users like manufacturers and bitcoin miners to reduce the power they use. That frees up more electrons for others and keeps supply and demand balanced.
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Texans should again reduce power use from 4 p.m to 9 p.m. Sunday to help keep the grid stable, the Electric Reliability Council of Texas says.
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Another round of the record hot summer vs. the Texas electric grid has ERCOT again urging energy conservation