PJM Auction Raises Bills in PA and NJ Again
PJM Capacity Auction 22% Higher Than Last Year’s What’s new:PJM Interconnection’s latest capacity auction cleared at its $329.17 per MW-day price cap. This is a 22 percent jump over last year’s auction, already a record-setting price increase across the 13-state grid.Why it matters:Because of this auction, electricity bills in PJM’s 13-state region (which includes PA and NJ) will rise by a further 1.5-5% in 2026-27. This price hike comes even after a cap negotiated by Pennsylvania’s governor Shapiro limited further increases.PJM blames rapid load growth from AI data centers and rising peak…
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