Summer electricity peak demand in Texas is expected to grow nearly 80% in the next 10 years, from 85,464 MW in 2023 to a projected 153,230 MW in 2033. And no, electric vehicles aren’t the cause.
According to the Electric Reliability Council of Texas (ERCOT), the entity responsible for managing the Texas grid, the three factors driving electricity demand in Texas are: artificial intelligence, hydrogen electrolysis and cryptocurrency mining.