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PJM Capacity Price Soars 1,038% — Users Face $12K Bills

7/8/2026

27 5 Full Breakdown

Summary

Story summary

PJM Interconnection’s capacity price jumped from $28.92 to $329.17 per megawatt-day, a 1,038% increase.
The rise pushed Belden Brick Company’s charge from $1,600 to $12,000, inflating its bill by 90%.
Plaskolite’s capacity charges rose to $1.2 million from $200,000, prompting the firm to consider on-site natural-gas generation.
PJM asked users to curb electricity use to avoid blackouts as peak demand set a record.

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Story summary

PJM Interconnection’s capacity price jumped from $28.92 to $329.17 per megawatt-day, a 1,038% increase.
The rise pushed Belden Brick Company’s charge from $1,600 to $12,000, inflating its bill by 90%.
Plaskolite’s capacity charges rose to $1.2 million from $200,000, prompting the firm to consider on-site natural-gas generation.
PJM asked users to curb electricity use to avoid blackouts as peak demand set a record.