New Jersey and other blue states are pushing regional grid operator PJM Interconnection to take swift action to curb skyrocketing energy prices.
In a letter to PJM Interconnection, New Jersey Gov. Phil Murphy, Pennsylvania Gov. Josh Shapiro, Maryland Gov. Wes Moore, Delaware Gov. John Carney and Illinois Gov. JB Pritzker praised the grid operator for delaying a planned auction that could lead to higher power bills for customers in their states and across the mid-Atlantic.
But they warned that without changes to the way PJM manages its auctions, where it helps secure electricity for the grid, consumers in the 13-state region could be stuck with $30 billion more in energy costs.
“This would be far beyond what is needed to send a price signal encouraging new capacity, at the expense of our consumers,” the governors said in a letter written late last week but announced Tuesday.
