PJM Grid Caves to PA Gov. Shapiro Bullying Again, Caps Prices 2 Yrs

PJM Interconnection, the electrical grid operator that covers Pennsylvania (along with all or parts of 12 other states and the District of Columbia), has once again caved to the political demands of PA Gov. Josh Shapiro to artificially cap prices in its upcoming capacity auctions for the next two years. PJM caved for the July 2025 auction (see PJM Grid Caves to PA Gov. Shapiro Bullying, Blackout Risk Rises). And now, they've extended the same cap for another two years. It means electric ratepayers won’t see as high an increase in their electric rates (a good thing), but it also means the risk of a blackout has just gone WAY up. It means fewer gas-fired power plants will be built in the PJM region, which desperately needs them.

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