Energy Price Cap To Fall 7% From Apr.
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The White House worked with a dozen states to press the largest U.S. regional grid to limit rising costs for future power supplies.
Extending the cap for another two years will save PJM’s 67 million customers an additional $27 billion on their energy bills, Shapiro said.
Feb 12 (Reuters) - Grid operator PJM Interconnection has agreed to extend a price cap on its capacity auctions for another two years following legal action by the state, Pennsylvania Governor Josh Shapiro said in a post on X on Thursday.