CLEVELAND (WJW) – People in Northeast Ohio are feeling the heat — not just from summer temperatures, but also from rising electricity bills.
According to the Northeast Ohio Public Energy Council (NOPEC), energy prices jumped this summer, driven in part by higher usage during warmer months and a significant increase in the cost per kilowatt-hour.
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The main driver? Last year’s PJM capacity auction — a process that helps manage the electric grid across 13 states, including Ohio.
“Each year, energy generators bid on their ability to supply power during peak demand periods — the hottest and coldest days. This year’s auction led to an 800% increase in capacity prices,” said Dave Jankowski, with NOPEC…