In a recent PJM auction aimed at securing power in 2025-2026 during periods of high demand and extreme weather, capacity costs surged by over 800%, indicating a significant increase in electricity prices that could reach a staggering total of $14.7 billion for consumers in the PJM region alone. This precarious situation is prompting action from five governors calling for rule changes to ease the financial burden on their constituents.
The implications for families are dire as residents in states served by PJM may face an increase of about $20 on their monthly utility bills, which translates to an annual rise of $240 starting in mid-2025. This is not a mere one-time adjustment; it marks the beginning of an extended period of heightened electricity costs that is expected to last for several years.
Collection
[
|
...
]