If it's incredibly hot, doesn't that also mean it's incredibly sunny? Sounds like solar would be the perfect solution here. In Australia, energy prices sometimes go negative because of the abundance of solar energy[0]. Admittedly not during the hottest days when everybody turns up the AC, but using solar to supply that energy still seems like the most logical approach.
Of course alternating between extremely high and negative prices due to the volatility in supply and demand should create plenty of opportunity for businesses that make money simply storing energy and evening out the fluctuation.
Of course alternating between extremely high and negative prices due to the volatility in supply and demand should create plenty of opportunity for businesses that make money simply storing energy and evening out the fluctuation.
[0] https://reneweconomy.com.au/wind-solar-push-south-australia-...