A recent electricity auction run by regional grid operator PJM is expected to increase power costs for customers in 13 states serving on the PJM network. PJM announced auction results for the period from June 2028 through May 2029, when the grid will procure electricity to meet demand. Independent monitoring of PJM’s market is also involved in overseeing the auction process.
Multiple outlets report that the forecasted cost impact is closely tied to rising electricity demand from data centers. The NYT Technology report says the auction’s outcomes are projected to add about $6.3 billion in additional charges for consumers and businesses across the 13 states. The Hill similarly reports that data centers are expected to drive billions in incremental electricity costs over the coming years in the same region, attributing the increase to higher power procurement costs following the auction.
Taken together, the reporting centers on PJM’s auction results and the expectation that growing data center load contributes to higher electricity pricing and related charges for customers across PJM’s footprint.
