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Bullboard - Stock Discussion Forum Nuvista Energy Ltd NUVSF


Primary Symbol: T.NVA

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Texas power grid operator issues energy conservation appeal
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Post by Carjack on Aug 29, 2023 3:44pm

Texas power grid operator issues energy conservation appeal

The Texas power grid operator ERCOT issued an appeal to the public for energy conservation from 5 p.m. to 9 p.m. CT on Tuesday, as operating reserves were expected to be low, for the seventh time this month.

Despite the end of the heat wave that boosted demand in Texas to near record highs over the past couple of weeks, the state's power grid operator, the Electric Reliability Council of Texas (ERCOT), projected electric supplies would only exceed demand by less than 2,000 megawatts around 8 p.m. local time on Tuesday.

Between Aug. 24 and Aug. 27, tight supplies forced ERCOT to urge customers to conserve energy for four days in a row after the sun went down and solar power stopped working.

Extreme heat boosts the amount of gas burned to produce power for cooling, especially in Texas, which gets most of its electricity from gas-fired plants. In 2022, about 49% of the state's power came from gas-fired plants, with most of the rest coming from wind (22%), coal (16%), nuclear (8%) and solar (4%), federal energy data showed.

AccuWeather forecast temperatures in Houston, the biggest city in Texas, would reach a high of 38 degree Celsius (or 100.4 Fahrenheit) on Tuesday.

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