The Electric Reliability Council of Texas projects peak electricity demand to hit a record of about 74,900 megawatts in summer 2019 as drilling activity in the Permian Basin is expected to drive power consumption in West Texas by 8% a year through 2023. The amount of surplus electricity is seen declining to 8.1% of expected demand next summer, down 2.9% from previous estimates and further increasing the risk of power shortages.
Drilling boom threatens to overwhelm Texas power grid next summer
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