PJM Interconnection, the largest US power grid operator serving 65 million customers in 13 states, is facing a 20% increase in summer electricity bills due to high demand.
Supply and demand challenges are exacerbated by state energy policies closing power plants and delays in renewable energy projects due to policy changes.
Renewable energy projects are seen as a cost-effective way to increase power generation capacity, but the Trump administration's policies have hindered progress.
The surge in demand from data centers, including from ChatGPT AI models, has further strained PJM's resources, leading to price spikes and delayed power plant connections.