Shapiro Says Extended Price Caps Will Save Consumers Billions Across PJM Electric Grid

Shapiro says extended price caps will save consumers billions across PJM electric grid

HARRISBURG — The wholesale electricity price fetched through regional grid operator PJM Interconnection’s auctions will remain artificially capped for two additional years, a move Gov. Josh Shapiro said will save billions for households throughout Pennsylvania and far beyond.

Shapiro: Extended price caps will save consumers billions across PJM electric grid

The wholesale electricity price fetched through regional grid operator PJM Interconnection’s auctions will remain artificially capped for two additional years, a move Gov. Josh Shapiro said will save billions for households throughout Pennsylvania and beyond.

My Take: A stopgap PJM electricity price cap

There isn’t a more complex subject than the electric grid and the complex system that governs periods when demand reaches capacity.