Ohioans can expect their electric bills to keep going up. Last year’s auction to ensure the grid operator serving Ohio could meet demand saw capacity prices shoot up more than 830%. In the most recent auction, prices rose even higher.
When the 830% increase came down last year after an auction held by electric grid operator PJM Interconnection, Pennsylvania Gov. Josh Shapiro sued.
As part of the settlement, PJM agreed to cap the price for the auction that concluded last week. Regardless, the capacity auction price rose even higher, hitting the cap laid out ahead of time by regulators…