How High Did California’s Electricity Prices Get? – Energy Institute Blog

Wholesale electricity prices soared during California’s September heat wave.

Hot, hot, hot!  What a way to start September, with record high temperatures across California, and what a test for the state’s electricity market. More California households have air conditioning than ever before, and it pushed electricity demand to an all-time record.

For today’s post, I want to look at what happened to wholesale electricity prices. Like many of you, I kept checking the CAISO price map throughout the heat wave, but now that temperatures – and prices – are back down, I wanted to look…

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