
Your Electric Bill Is About To Spike — And It’s Hitting Millions Across The East Coast
The results of PJM’s 2026/2027 Base Residual Auction, announced Tuesday, July 22, show the price of capacity cleared at the federal cap of $329.17 per megawatt-day, the highest in years. That’s a 22% jump from last year’s price of $269.92. PJM, which …