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65 Million Brace for Skyrocketing Electricity Prices Amid Demand Surge

7/21/2025

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Summary

Story summary

Residents of the PJM Interconnection, totaling 65 million, brace for high electricity prices driven by soaring demand from data centers and sluggish renewable energy project connections. The auction results on July 22 could set a capacity price ceiling at $325 per megawatt-day, with a floor of $175, directly affecting consumer bills across 13 states.

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Story summary

Residents of the PJM Interconnection, totaling 65 million, brace for high electricity prices driven by soaring demand from data centers and sluggish renewable energy project connections. The auction results on July 22 could set a capacity price ceiling at $325 per megawatt-day, with a floor of $175, directly affecting consumer bills across 13 states.