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Data Centers to Add Billions in Power Costs in 13 States
The New York Times • • business
Key Points:
- PJM, the largest electrical grid operator in the U.S., announced an electricity auction that will increase costs by $6.3 billion over the next three years for millions of households and businesses.
- The cost increase is primarily driven by rising power demands from data centers in the region.
- During the auction, power companies set prices for supplying electricity during peak demand, which are then passed on to customers across 13 Eastern states and the District of Columbia.
- PJM highlighted that electricity demand is growing faster than supply and is collaborating with government and industry to add new power generation and manage grid load growth.
