Heat dome strains US power grid as 150 million face extreme temperatures ahead of July Fourth
By
Keaton Peters
Summary
A heat dome over America during the Fourth of July weekend is straining the power grid, causing wholesale electricity prices to surge on the most populated regional grid. These increased costs are passed down to households and small businesses. Summertime electricity costs are projected to rise 10.5% this year due to a combination of rising rates and more extreme heat.
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bskyHeat dome strains US power grid as 150 million face extreme temperatures ahead of July Fourthsan.comKey quotes
· 3 pulledWholesale electricity prices on America's most highly populated regional power grid are surging under the heat.
The increased costs by utility companies to purchase adequate power supplies are eventually passed down to households and small businesses.
The heat wave comes as summertime electricity costs are projected to rise 10.5% this year due to the confluence of rising electricity rates and more extreme heat.
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