The ‘PJM Capacity’ Cost Spike: What It Means for Your Electric Bill

PJM Interconnection1, the transmission grid operator in the Mid-Atlantic and parts of the Midwest, recently announced a hike in capacity costs that has sent shockwaves through both the energy and industrial markets. This dramatic increase, a nearly 10-fold rise from $28.92/MW-day to $269.92/MW-day or higher, is the result of power-plant retirements, technical issues with connecting new sources of power to the grid, coupled with burgeoning demand for electricity across the region. As this new pricing structure takes effect this June, businesses across the PJM region, including linen, uniform and facility services companies, could see increases of 10% or ...

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