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Largest U.S. Grid Operator Sees Power Costs Soar By 60% Due To Data Center Development
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The price of power is set to jump more than 60% for PJM, the largest electrical grid in the country, amid insatiable demand from data centers.  “Demand for electricity continues to grow faster than electricity supply,” PJM CEO David Mills said in a statement included with the results of an annual auction that prices power two years down the line.  PJM, which serves 13 states and Washington, D.C., said Tuesday that the $16.4B  closing bid for electricity starting in June 2028 tied a record set late last year. The auction also failed for the third consecutive time to secure enough future supply commitments...
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