Electricity grid watchdog warns of higher prices after delayed PJM market reforms

The independent market monitor for PJM Interconnection warns that delayed reforms to manage capacity costs related to hyperscale data centers are causing higher electricity prices across the mid-Atlantic and parts of the Midwest. PJM's proposals to limit data center costs and ensure reliability were rejected by FERC, pushing a reliability backstop auction beyond December and risking price increases between $5 billion and $10 billion in the region's electricity bills.

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