After the system breakdown in the cold snap of February of this year, the Texas power grid has bounced back to supply record demand in the last week of June, as Reuters reports, though in the previous week there was a significant amount of generation capacity offline. A heatwave in the last week of June – which has continued into July – saw demand soar to 69,957MW (expected to rise even higher), but with prices in the normal range, not above US$100/MWh. This was in contrast to the US$1900/MWh prices seen on June 14, and the ~US$3800/MWh prices on 12 February. The grid operator and state authorities will be breathing a sigh of relief.