Future regional power supply down, but not out
Shrinking power supply remains a challenge according to the grid operator’s most recent capacity auction, signaling that regional utility bills could still climb, albeit more slowly, as demand for electricity grows faster than can be provided. PJM, the organization tasked with managing the flow of power for 67 million people across 13 states and Washington, D.C., collects annual bids from generators that commit them to providing energy supply over the following 12 months. In this case, it’s for the 2028-29 operating year. By doing so, the organization can better hedge against ...
