Costs on Key US Grid Hit New Record, Testing Affordability
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A power substation in Grove City, Ohio on Dec. 17.Households and businesses spanning New Jersey to Chicago are poised to pay record sums for electricity as an AI-fueled demand surge drives up power costs on the largest US grid. PJM Interconnection LLC, which operates the 13-state grid that serves nearly one-fifth of Americans, said its latest auction to secure electricity supplies will cost consumers $16.4 billion.