May 17 (Reuters) -
* The Electric Reliability Council of Texas (ERCOT) set a new all-time May peak demand record between 5 and 6 p.m. on Thursday, while preparing for a record breaking peak usage this summer.
* Preliminary operating data showed peak demand topped out at 61,519 megawatt (MW), this is more than 2,200 MW above the May 2017 peak demand record.
* One megawatt can power about 1,000 homes.
* Previously on Wednesday, the grid operator set a new all-time May peak demand record, with a preliminary peak demand of 61,148 MW between 4 and 5 p.m. This is more than 1,800 MW higher than the previous May record set in 2017.
* Ercot North EL-PK-ERTN-SNL power prices rose to $130 per megawatt hour, their highest since January, due to a heat wave blanketing the Gulf Coast region. SOURCE: here RELATED: U.S. power grid ready for summer, but Calif. & Texas are concerns -FERC
Reporting by Sumita Layek in Bengaluru