US Power Grid Faces Rising Costs and Supply Challenges
TL;DR Summary
Ohio's electric bills are expected to rise due to a shortfall in power supply caused by high demand from data centers and AI growth, with capacity costs surging and auction results hitting maximum prices, raising concerns about affordability and reliability.
- Ohio consumers’ electric bills likely to jump again as demand outstrips supply of power Cleveland.com
- PJM Auction Procures 134,479 MW of Generation Resources PJM Inside Lines
- Costs on Key US Grid Hit New Record, Testing Affordability Bloomberg.com
- Prices in biggest US power grid auction hit new record, signaling higher utility bills ahead Reuters
- PJM capacity prices hit record high as grid operator falls short of reliability target Utility Dive
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