Monday, September 8, 2025
U.S. power & natgas prices spike in Texas and California heatwaves- oil and gas 360

U.S. power & natgas prices spike in Texas and California heatwaves

Reuters Power and natural gas prices in Texas and California spiked to multi-month highs this week as homes and businesses cranked up their air conditioners to escape brutal heatwaves. In Texas, the Electric Reliability Council of Texas (ERCOT), which operates most of the state’s power system, urged consumers on Monday to conserve energy to prevent high demand and generation outages