The regional power grid operator fell short in securing electric reserves, it said Tuesday, even as the price for electricity hit the maximum ceiling.
Ohio is among 13 states within PJM Interconnection, the regional grid operator, which coordinates how electricity flows—at times, functioning like traffic control.
PJM’s latest auction, the results of which released Tuesday, showed that electricity demand regionally is moving faster than generation, meaning electric bills in Ohio will stay high for some time…