Residents of the Chesapeake Bay area may see electricity bills jump by as much as 24% due to delays in incorporating renewable energy sources into the regional power grid.
Ad Crable reports for Bay Journal.
In short:
- Wholesale electricity prices surged at a recent auction, driven by extreme weather demand and delayed integration of renewable energy projects.
- PJM Interconnection, the regional grid operator, has been criticized for backlogs in renewable energy projects and reliance on gas and coal power.
- Critics argue that failures during past extreme weather events and insufficient long-term planning have led to these rising costs for consumers.
Key quote:
“PJM fell behind on interconnection and long-term transmission planning years ago, and now the problems are just cascading and piling up.”
— Jon Gordon, director of Advanced Energy United
Why this matters:
Consumers are facing steep electric bill increases due to reliance on fossil fuels and the slow integration of renewable energy sources. Addressing these delays is critical to prevent future rate hikes and promote a cleaner, more reliable energy grid.
