Reliability shouldn’t come at the soaring cost of energy for consumers.
But that’s what is being projected after electric grid giant PJM’s latest capacity auction hit record highs, a stunning indicator that America needs more electricity.
In the most recent PJM auction, total capacity cost skyrocketed to $14.7 billion, up from $2.2 billion in the last auction.
The increased cost of $12.5 billion per year will be spread out across consumers and will result in a sizeable increase in consumer electricity bills that could be as high as $192 annually for each of the 65 million people that PJM serves in 13 states and the District of Columbia.
The increasing energy demand from data centers and AI is only going to continue putting pressure on our nation’s grid, along with power plant retirements and growth of less reliable generation sources like wind and solar.
It’s clear that stabilizing the grid requires more sources of reliable power generation, along with permitting reforms to expand natural gas infrastructure.
With interstate natural gas pipelines and gathering & processing operations throughout the country, Williams is well-positioned to tackle this challenge and keep costs in check for end users.
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