Electricity prices on the US's largest grid, managed by PJM, surged 76% year-over-year to an average of $136.53/MWh in Q1, driven by high demand from data centers (John Ainger/Bloomberg)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Techmeme
Power Price Surge: Power prices on the largest electric grid in the U.S., operated by PJM, increased by 76% year-over-year in Q1.
Demand from Data Centers: The surge in power prices is attributed to heightened demand from data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
