• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

US power demand hits hourly record high on hottest day of summer, EIA and LSEG say

July 16, 20247:42 AM Reuters0 Comments

Lit natural gas burners on a stove. U.S. demand for power hit a preliminary hourly record high on Monday as homes and businesses cranked up their air conditioners to escape a brutal heat wave blanketing most of the Lower 48 states on the hottest day so far this summer.

Extreme weather reminds consumers of the fatal freeze in February 2021 that left millions of Texans without power, water and heat for days and a brutal heat wave in August 2020 that forced the California power grid operator to impose rotating outages that affected about 800,000 customers over two days.

Power demand on Monday peaked at a preliminary 743,995 megawatts (MW) around 6 p.m. EDT (2200 GMT), which would top the current all-time high of 742,704 MW set on July 20, 2022, according to data from the U.S. Energy Information Administration (EIA) going back to 2016.

Temperatures across the country averaged around 82.1 degrees Fahrenheit (27.8 Celsius) on Monday, the most since averaging 82.2 F on July 27, 2023, according to data from financial firm LSEG going back to 2018. That compares with a record average of 83.0 F on July 20, 2022.

High temperatures in the biggest cities across the U.S. hit 91 F in New York, 83 F in Los Angeles, 91 F in Chicago, 95 F in Houston and 109 F in Phoenix, according to meteorologists at AccuWeather.

On Tuesday, AccuWeather forecast the mercury would reach 97 F in New York, 83 F in Los Angeles, 80 F in Chicago, 95 F in Houston and 110 F in Phoenix.

With even hotter weather expected in the U.S. Northeast on Tuesday, next-day power prices in New England and the Pennsylvania-New Jersey-Maryland region soared by over 150% to their highest levels since January, according to pricing data on the LSEG terminal.

Electric grid operators across the country declared hot weather alerts over the past week and told energy companies to put off unnecessary maintenance so all available generating plants and power lines would be ready for service.

But despite the extreme heat, grid operators have not taken more extreme actions to manage supply and demand – like calls for conservation or rotating outages – and none were currently projecting power use would break all-time highs.

(Reporting by Scott DiSavino; Editing by Chizu Nomiyama and Franklin Paul)

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Obsidian Energy Announces Notice of Partial Redemption for $30 Million of Our Outstanding Senior Unsecured Notes
  • Gibson Energy Announces $375 Million Senior Unsecured Note Offering Due 2032
  • Raisa Energy puts $1.5 billion of US oil and gas assets up for sale, sources say
  • Indigenous leaders on Trans Mountain lessons as Building Canada Act moves forward
  • Gas demand at two of the top US LNG plants declines 

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.