What You Need To Know About Markets And The Economy
Texas power prices doubled on Tuesday as record high temperatures in parts of the state sent demand for cooling soaring.
On Tuesday, San Angelo in western Texas set a new record high temperature of 114 degrees, topping its prior record of 111 degrees. Adding to the demand on Texas power supplies and prices is the tropical-level humidity in the state that worsens the heat effect, making it feel like 120 degrees or more.
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