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PJM Interconnection is considering significant market reforms to address electricity supply risks, driven by soaring demand from data centers, which have led to record price increases in its capacity markets and potential electricity shortfalls by 2027, prompting exploration of alternatives such as long-term contracts and revised capacity market structures. #ElectricityMarket #PowerGrid #EnergyReforms #US
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US power grid operator PJM is considering market overhaul
NEW YORK, May 6 (Reuters) - PJM Interconnection, the largest U. S. power grid operator, said on Wednesday it is considering market changes that could reshape how electricity is bought and sold across its system, which faces the risk of shortages from data centers outstripping energy supplies.