- PJM set to release pricing details for securing power supply
- Baltimore, Virginia are poised to earn premiums in auction
More than 65 million Americans are facing the prospect of significantly higher electricity prices next year, thanks to shrinking energy supply and rising demand on the biggest US electric grid.
An increase for the year starting in June would follow a power auction held in 2023 that saw prices come in at a decade low of $28.92 per megawatt-day. The latest auction results are expected Tuesday afternoon. This time around, analysts predict prices could be two to four times higher.
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