PJM Auction Procures 134,311 MW of Generation Resources; Supply Responds to Price Signal
PJM INTERCONNECTION REGION, JUL 21 – PJM expects 32 gigawatts of new electricity demand by 2030 driven by AI data centers, causing prices to rise over 20% this summer and straining grid reliability, officials said.
- On July 22, 2025, in Valley Forge, Pennsylvania, PJM Interconnection secured 134,311 MW UCAP in its 2026/2027 Base Residual Auction to serve 67 million residents.
- Surging AI and data center growth has strained PJM, increasing forecasted peak load by over 5,400 MW year-on-year.
- Under the new price cap of $329.17/MW-day, PJM projects wholesale capacity costs will add 1.5–5% to some consumers’ retail bills.
- Flexible office operators are seeing mounting operational costs for commercial landlords and coworking operators, and offices and remote workforces across 13 states could soon experience increased disruption.
- Looking ahead, data center demand will add 32 GW by 2030, while many energy projects not expected online until after 2030.
63 Articles
63 Articles
PJM Capacity Price Hits Cap as Clean Energy Projects Remain Stalled - Inside Climate News
As renewable electricity projects wait in line, PJM’s latest capacity auction clears at the maximum price allowed—passing higher costs to customers.By Rambo TalabongPJM Interconnection, the electric grid operator for 13 Mid-Atlantic and Midwest states and the District of Columbia, announced its capacity price on Tuesday for the upcoming service year at $329.17 per megawatt-day, hitting the price ceiling it set for the next two years. Analysts sa…
Talen Energy Reports PJM Auction Results for the 2026/2027 Planning Year - Talen Energy (NASDAQ:TLN)
HOUSTON, July 22, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation ("Talen," "we," or "our") (NASDAQ:TLN), a leading independent power producer, today reported its results from the PJM Base Residual Auction for the 2026/2027 planning year. Talen cleared a total of 6,702 megawatts at a clearing price of $329.17 per megawatt-day across the MAAC, PPL and PSEG Locational Deliverability Areas, equating to approximately $805 million in capacity reven…
Surging data center demand fuels US power price hikes
Regulated US utilities requested a combined $29 billion in rate increases during the first half of 2025, double last year’s amount. Data center demand is driving record US power price increases. The next major signal for how much AI is adding to household power bills will come later today, when the country’s largest grid network, PJM Interconnection — which also hosts the world’s largest concentration of data centers — releases the results of it…
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