All articles tagged with #pjm interconnection
PJM Interconnection issued extra alerts to transmission and generation firms as winter electricity demand is forecast to exceed 147 GW, an all-time high for the season, signaling potential grid stress across its 13-state service area.
The White House proposed a plan requiring major tech companies to finance new power generation in PJM’s footprint, potentially shifting the cost burden to data centers and affecting profits for existing generators and gear makers involved in energy infrastructure.
The Trump administration and a bipartisan group of governors pressed PJM to reform the Mid-Atlantic/Midwest grid to power a wave of AI data centers, urging technology companies to finance new power plants for the region; the agreement covers about $15 billion in generation projects, calls for an emergency capacity auction to keep prices affordable, and directs PJM to act quickly to strengthen reliability while protecting residential customers.
The Trump administration and a bipartisan group of governors asked PJM to hold a one-time emergency auction to supply data centers with power from new plants, enabling 15-year power purchase agreements funded by the data centers themselves and potentially supporting about $15 billion in new generation; data centers would pay for generation even if unused. The move would require Federal Energy Regulatory Commission approval and is viewed by analysts as policy signaling rather than an imminent market reform, with a six-to-12 month timeline and potential implications for prices and utility stocks.
The White House urged PJM Interconnection to hold an emergency power auction to prevent outages as data-center-driven demand grows faster than new generation, proposing a BYOG model where centers fund and own new capacity. PJM unveiled a competing plan requiring data centers to bring online new generation or face potential curtailment during peak periods, amid rising electricity prices and political backlash over grid reliability.
Trump’s plan to lower electricity prices through government action spooked investors, sending energy stocks lower as fears grow that existing contracts could be disrupted and supply could rise; Constellation Energy and Vistra led declines, while some names like GE Vernova benefited and others faced mixed moves as analysts weighed which firms might win or lose from the policy shift.
Trump intervenes in the 13-state PJM market, urging an emergency 15-year power auction and price caps to curb rising Northeast electricity costs tied to AI data centers, while governors press for faster new generation and an all‑of‑the‑above energy approach to sustain growth.
PJM Interconnection trimmed its 2027 summer peak-demand forecast to about 160 GW from roughly 164 GW, citing that some planned data-center projects lack firm electric-service commitments. Despite still-strong long-run growth (about 17% by 2030 driven by data centers) and a 2028 peak seen above the 2006 record of about 165 GW, the revision injects skepticism into AI-driven consumption projections and could influence capacity auctions and consumer electricity costs. Shares of major power producers fell on the news.
Residents in mid-Atlantic states face rising electricity bills driven by increased demand from data centers and a supply shortage, with prices expected to remain high for years due to infrastructure challenges and market dynamics, prompting calls for reform and investment.
Pennsylvania Governor Josh Shapiro threatened to leave the PJM power grid if it doesn't reform to address surging energy costs, citing the need for increased transparency, state involvement, and faster energy production, amid rising demand from data centers and infrastructure challenges.
Electricity prices are rising sharply across 13 US states due to increased demand from data centers powering AI technologies, with PJM Interconnection planning a 20% price hike this summer. The surge is driven by tech companies bidding heavily in power auctions, a shortage of fossil-fuel plants, and delays in renewable energy projects, raising concerns about sustainability and consumer costs.
The electricity demand in the Eastern US surged to multi-year highs due to a heat wave, with peak loads in the PJM Interconnection and ISO New England reaching their highest levels since 2006 and 2013 respectively, driven by increased use of natural gas, imports, and other energy sources, and resulting in significantly higher wholesale electricity prices.
PJM Interconnection issued a level-one energy emergency alert due to a heat wave causing power demand to reach a 14-year high, with temperatures in the mid-Atlantic and Midwest soaring, risking supply shortages.
New Jersey residents will see a significant increase in electricity bills starting Sunday, with rates rising over 20% due to market pressures and insufficient local energy generation, prompting government and utility efforts to mitigate costs and promote energy efficiency.
PJM Interconnection, the largest U.S. power grid, may face the shutdown of up to 58,000 MW of mostly fossil fuel power generating capacity by 2030, potentially leading to increased consumer prices, as per a report by PJM's Independent Market Monitor. Factors contributing to this risk include a significant decline in prices in the region's capacity market, lower coal and natural gas prices, and regulatory requirements. The report emphasizes the need for securing replacement capacity to mitigate potential utility cost increases for consumers in the region.