Utility Dive•4 months ago
‘Clear warning signs’ as PJM wholesale power costs jump 54% in one year
- •PJM wholesale power costs have surged 54% in the last year, indicating significant financial pressure for large power consumers and developers.
- •PJM's capacity market faces a growing shortfall against its reserve margin targets, signaling potential reliability issues and higher future capacity prices.
- •The market monitor explicitly states that power prices will continue to rise until the substantial load growth from data centers is effectively addressed.
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