Episode Details

Electricity prices are hitting record highs as demand surges faster than supply can keep up—thanks to electric vehicles, electrifying industries, and booming data centers. PJM, the regional grid operator, capped prices at $325 per megawatt-day for 2028-2029, up from last year’s record. Households could face $220–$320 extra annually, especially if they don’t shop around. Utilities are already raising rates, and while new power generation is on the way, delays in permits and supply chains are slowing progress. A potential fix? Big energy users like data centers could commit long-term to fund new power without burdening everyone else—but the core problem remains: demand keeps growing, and the grid can’t catch up fast enough.

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