(Bloomberg)– The arctic freeze gripping the central U.S. is raising the specter of power outages in Texas and putting more pressure on energy costs already trading at unmatched levels.In Texas, where temperature levels in Dallas are forecast to fall to as low as 4 degrees Fahrenheit Monday (minus 16 Celsius), the operator of the states power grid alerted it may require to plunge some locations into darkness as rising need for heat taxes the electrical system. If day-ahead electrical energy prices are the weather condition and any indication forecasts are even partially accurate, the run-up in energy rates isnt over.Huge IncreaseWholesale power for shipment Sunday was trading at anywhere from $3,000 to $7,000 a megawatt-hour in some locations, triple the records set in some places Saturday and an incredible 2,672% boost from Friday at Texass West hub. They drew comparisons in between this weeks cost rises to the records set on the Midwest grid in 1998, and to the California energy crisis that sent power rates increasing and blacked out hundreds of thousands of businesses and houses two years ago.Among the other markets moving on the cold: Gas in Chicago hit $220 per mmBtu, traders said.Physical gas was going for as much as $300 per mmBtu at a Texas hub.Oklahoma gas prices have actually swung anywhere in between $50 to the high of $600.

(Bloomberg)– The arctic freeze grasping the central U.S. is raising the specter of power blackouts in Texas and putting additional pressure on energy prices already trading at unprecedented levels.In Texas, where temperature levels in Dallas are anticipated to fall to as low as 4 degrees Fahrenheit Monday (minus 16 Celsius), the operator of the states power grid cautioned it may need to plunge some areas into darkness as surging demand for heat taxes the electrical system. Area prices for electricity in Texas are expected to hit the grids cap of $9,000 per megawatt hour. If day-ahead electricity prices are any indicator and the weather projections are even partially precise, the run-up in energy prices isnt over.Huge IncreaseWholesale power for shipment Sunday was trading at anywhere from $3,000 to $7,000 a megawatt-hour in some locations, triple the records set in some locations Saturday and a staggering 2,672% increase from Friday at Texass West center. They drew contrasts between this weeks cost surges to the records set on the Midwest grid in 1998, and to the California energy crisis that sent out power costs skyrocketing and blacked out hundreds of thousands of houses and companies 2 decades ago.Among the other markets moving on the cold: Gas in Chicago struck $220 per mmBtu, traders said.Physical gas was going for as much as $300 per mmBtu at a Texas hub.Oklahoma gas rates have swung anywhere in between $50 to the high of $600. Spot gas prices throughout the eastern U.S. remained suppressed amidst milder temperature levels, examined at anywhere from $4 per to $12 per mmBtu on Friday, pricing information put together by Bloomberg show.Gas processing plants throughout Texas are shutting as liquids freeze inside pipes, disrupting output simply as need jumps.

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