Computer glitch leads to high power prices in Texas : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

A temporary outage in the computer system used in Texas to keep enough electricity flowing, caused prices to rocket to California-like levels, but a power grid official on Friday said the prices would be invalidated because of the glitch.

The Electric Reliability Council of Texas said prices in its real-time market reached $1 000 per megawatt-hour (MWh) after the computer system that controls it went out for about four hours Thursday, ERCOT COO Sam Jones said.

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