AP Photo/Matt York
- Texas electricity prices soared 6,000% as a fresh heat wave is expected to shatter records.
- Spot prices jumped to $4,750 per megawatt-hour on Thursday afternoon from the average of $75 on Wednesday.
- An excessive heat warning has been issued for north Texas, where temperatures could top 110 degrees.
Texas power prices soared 6,000% on Thursday as a fresh heat wave is expected to shatter temperature records in the coming days.