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Asian markets rally as rate-cut hopes and Middle East truce boost investor confidence, with Hong Kong stocks hitting a 3-month high and Indian indices like Nifty50 and Sensex climbing.

Electricity prices soar as US regional grids wobble from extreme heat

Investing.comTuesday, June 24, 2025 at 11:45:40 PM
Electricity prices soar as US regional grids wobble from extreme heat
As scorching heat waves grip parts of the U.S., regional power grids are struggling to keep up with surging demand for electricity. This strain is sending prices skyrocketing, leaving consumers and businesses bracing for painful spikes in their energy bills. Some grids are even flirting with the risk of outages if the extreme weather persists.
Editor’s Note: When temperatures soar, so does the need for air conditioning—and that puts immense pressure on power grids already stretched thin by aging infrastructure and extreme weather. Higher electricity prices don’t just hit wallets; they signal deeper vulnerabilities in how the U.S. manages energy during climate-driven crises. If grids buckle under heat waves now, it raises tough questions about reliability in an era of worsening climate extremes.
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