Friday, July 29, 2022

ERCOT -- For The Archives -- July 29, 2022

We have no natural gas, only electricity.

This is our only energy utility bill, our entire energy / utility bill.

This is the hottest July we've had in years; note the average high temperature this year compared to previous month and year-over-year.

Also, note that we had two more days in the billing cycle than the previous month.

85.50 / 32 = 2.671875 * 30 days = $80.16.

The past month, this billing cycle, ABC Evening News et al was laser-focused on whether the Texas grid would hold. Folks wrote to tell me that ERCOT spot price was $5,000 for MWh on the really, really hot days.

And here you have it: a "bill" for $85 for the month of July for electricity. 


So, $85 for the month of July, 2022.