Overview

• Electricity prices on the largest US grid are projected to hit record highs next year.
• PJM Interconnection's auction revealed a ninefold increase in payments to power generators.
• Over 65 million Americans could see their electricity bills significantly rise.
• Closures of coal and natural-gas plants are reducing supply, adding pressure on the grid.
• Higher prices are expected to incentivize investment in maintaining and building new power resources.