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Aug. 8, 2003 -- Searing temperatures sent power use in Texas to a new all-time high of 59,098 MW Wednesday, topping by 2.6 per cent the previous record set two years ago, according to the organization that runs the high-voltage power lines in most of the state.
The region had plenty of power supply - 77 000 MW - available to meet that demand, the Electric Reliability Council of Texas, or Ercot, said in a press release late Wednesday.
Ercot covers almost 85 per cent of Texas, but excludes the state's Panhandle, parts of southeast Texas and far west Texas.
The region could break Wednesday's record this week or next if high temperatures continue as expected, Ercot said, adding that available generation should be adequate to meet electric consumption.
Wednesday's high demand send daily power prices soaring to $77-$90/ MWh, up $27-$32 from deals done on Tuesday, according to data from merchant energy companies.
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