ERCOT Sees Near-Record Power Demand Amid Heat Wave

ERCOT's power demand is nearing record levels due to scorching heat in the region, but rising wind generation is currently displacing natural gas. The Monday peak load was the second-highest in history, according to ERCOT data. This comes as a 'dangerous' heat wave is forecasted for the area.

The increasing demand has raised concerns about power burn and generation levels in the region. However, wind output is strengthening, which may mitigate some of these concerns. ERCOT's reliance on natural gas has been decreasing in recent years due to growth in renewable energy sources.