PJM Power Auction Ties $16.4 Billion Record as Data Centers Drive $6.3 Billion
Updated
Updated · Bloomberg · Jul 15
PJM Power Auction Ties $16.4 Billion Record as Data Centers Drive $6.3 Billion
3 articles · Updated · Bloomberg · Jul 15
Summary
$16.4 billion was cleared in PJM Interconnection's latest capacity auction for the year starting June 2028, matching the record set in late 2025.
$6.3 billion of that total came from data centers, whose power demand lifted supply costs for the largest US grid by more than 60%, according to the market monitor.
PJM, which serves 13 states and Washington, DC, is the largest US electric grid and is struggling to secure enough supply amid the AI-driven surge in electricity use.
The result underscores how rapid data-center expansion is reshaping US power markets, pushing up procurement costs even before the delivery year begins.