U.S. Electricity Prices Soar Amid Strong Summer Demand ...Middle East

U.S. wholesale electricity prices are rising fast amid forecasts for summer heat that will drive demand higher, especially in the East. Prices in Boston topped $400 per MWh at one point on Tuesday, Reuters reported, up from $50 per MWh earlier in the day. According to grid operator PJM Interconnection, which is the largest in the country, expected demand to hit 160 GW on Monday, declining to 158 GW on Tuesday and further to 155 GW on Wednesday as the heat retreats. The Energy Information Administration predicted at the end of 2024 that electricity…

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