U.S. Electricity Prices Reach Record High: As of July 25, the weighted average price of electricity on the ICE (Intercontinental Exchange) surged to $1,068.9 per MWh. This represents a significant 36% increase from the previous week and marks the highest price point for the year. Since the beginning of 2023 until now, U.S. traded prices have risen by an alarming 152%. With the onset of hot weather, the demand for electricity in homes and businesses is expected to rise even further. In response to the challenging situation, grid operators across the country issued heat advisories this week, notifying energy companies to postpone any necessary equipment maintenance and supply power at full capacity.