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Frigid Weather Sparks Soaring Power Prices and Precautions

1/24/2026

25 4 Full Breakdown

Summary

Story summary

On January 24, 2026, U.S. electric grid operators heightened precautions as frigid weather affected half the country.
The PJM Interconnection reported wholesale prices above $3,000 per megawatt hour due to rising demand and natural gas constraints.
Older power plants were activated to meet the increased demand.
In New England, oil-fired generation surged to 35% of grid output as utilities prepared for potential ice and snow damage.

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Story summary

On January 24, 2026, U.S. electric grid operators heightened precautions as frigid weather affected half the country.
The PJM Interconnection reported wholesale prices above $3,000 per megawatt hour due to rising demand and natural gas constraints.
Older power plants were activated to meet the increased demand.
In New England, oil-fired generation surged to 35% of grid output as utilities prepared for potential ice and snow damage.