THE OUTCOME OF WHAT WAS, UNTIL RECENTLY, an obscure US power market auction will be the subject of intense interest this week for electric generators, regulators and consumers alike.
- The results due late Wednesday will confirm what PJM Interconnection — the nation’s largest grid operator, serving millions of Americans from Chicago to Washington, DC — will pay power generators to secure capacity starting in 2027. The bill is expected to reach $17 billion, according to a Bloomberg survey of grid experts, policymakers and traders. That would mark the third consecutive year of record-breaking costs, as the swift build-out of data ...