Texas Sun Clouds Out Gas

ERCOT set a new peak daily demand record of 91 GW on July 22, 2026, topping the previous 2023 high of roughly 86 GW. Alex walks through the data behind it: a hotter-than-normal July, a step-change in solar and battery capacity, and — counterintuitively — a decline in gas-fired generation despite record load. Using ERCOT as a microcosm for broader Lower 48 trends, the episode shows how solar and storage are reshaping the duck curve and pulling demand away from the power sector's traditional swing fuel. Note: this episode is chart-heavy — video version recommended.

‍

For deeper coverage of the topics discussed in this episode, Mobius publishes ongoing research and market analysis at mobiusriskgroup.com. If you have questions specific to your portfolio or hedging position, reach out directly — the team is available to discuss at podcast@mobiusriskgroup.com.

The Energy Desk is a podcast from Mobius Risk Group. Follow the show wherever you get your podcasts.

‍

‍

‍