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Demand for energy rising slower than predicted

Published On: Feb 28 2014 01:37:03 PM CST
Updated On: Feb 28 2014 01:37:30 PM CST

AUSTIN, Texas -

The operator of the electric distribution grid for most of Texas says demand for electric power isn't growing as fast as previously thought - even during the hottest summer hours.     

A new 10-year outlook released Friday by the Electric Reliability Council of Texas shows power reserves remaining below target levels by June 1. But they then are set to exceed reserve targets later in the summer, as well as in 2015 and 2016.     

A report last May had showed reserves levels failing to hit target levels this summer, then falling farther for 2015.     

ERCOT said new power plants coming online by August will increase supply.     

It also cited more-efficient power use by consumers and improvements to its load forecasting methodology as reasons for the rosier future power reserve picture.