An electricity meter. (Stock photo from Getty Images.)
Around Ohio, utility bills are rising, and they may keep climbing. Next week, the regional grid operator PJM Interconnection will announce the results of its annual capacity auction. Under normal circumstances, most people ignore the proceedings. But the auction has drawn increasing scrutiny after a dramatic spike last year.
The price power generators can charge for supplying the grid shot up 833% percent — from about $29 to $270 to provide a megawatt of energy for a day…