AI Boom Keeps Key Power Costs at Record on Largest US Grid

Business and households supplied by the largest US grid will pay $16.1 billion to ensure there is enough electricity supply to meet soaring power demand, including that from a massive buildout in AI data centers.

The payouts to generators for the year starting June 2026 topped last year’s record $14.7 billion, according to PJM Interconnection LLC, which operates the grid stretching from the Midwest to the mid-Atlantic. That puts the capacity price per megawatt each day at $329.17 from $269.92.

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