BUSINESSJul 16 · 07:00 UTCOHIO CAPITAL JOURNALPeter Hall

PJM Interconnection electricity price hits cap again in latest auction

PJM Interconnection's electricity price cap of $325 per megawatt-day for 2028-2029 was reached due to rising demand from electrification and data centers, with the auction falling short of capacity goals. The cap was extended by PJM at the request of a coalition of governors and the Trump administration.

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PJM InterconnectionorganizationDavid MillspersonPatrick CiceropersonRobert RouthpersonTodd SnitchlerpersonShapiro administrationorganizationTrump administrationorganizationElectric Power Supply Associationorganization

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Data centers have already hiked electricity prices on the public by $23 billion. Good luck clawing that back