Despite weakness in demand for oil and gas, WSJheard explains why it may be a great time for energy companies in Texas WSJWhatsNow
Texas is expected to be one of the only U.S. power markets with higher electricity demand this summer, which bodes for an exciting few months for some energy companiesIt is a great time to be an energy company in Texas. No, not for the ones pumping oil and gas—it is power generators that have reason to be excited.
The Electric Reliability Council of Texas, the grid operator for roughly 90% of Texas’s electric load, expects to set another record for peak electricity demand this summer season: 75.2 gigawatts. That is even as overall U.S. summer electricity demand is expected to fall to the lowest level since 2009, according to projections published Wednesday by the Energy Information Administration.
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