Your Power Bills Are Increasing In PJM!
The recent increase in PJM capacity prices is having a notable impact on commercial power bills, leaving many businesses wondering how to navigate these rising costs. The PJM Interconnection, which operates the electricity grid across multiple states in the Midwest and Eastern U.S., raises capacity prices to ensure enough power is available during peak demand times. This change directly affects commercial customers, as capacity costs are passed down from energy suppliers to end-users, adding a potentially significant line item to your monthly energy bill.
Understanding Capacity Charges
Capacity charges are fees paid to ensure that power generators are on standby to meet high-demand periods, such as extreme weather conditions. While these charges are essential for maintaining grid stability, their cost can fluctuate based on market conditions. With PJM’s recent increase, commercial customers may see capacity charges spike, even if their actual energy consumption remains steady.
How It Affects Your Bottom Line
For businesses operating in PJM’s territory, higher capacity charges mean higher utility bills, even if usage patterns stay the same. These costs can be particularly burdensome for companies with high energy demands, as capacity charges are typically calculated based on peak usage periods. Without the right strategy, these charges can add substantial and unexpected expenses to your energy budget.
What You Can Do
To mitigate the impact of PJM’s capacity price increase, consider scheduling a utility bill analysis with National Utilities Refund (NUR). Our experts specialize in identifying overcharges and advising businesses on strategies to reduce energy expenses. A detailed bill audit can reveal if there are opportunities to lower capacity charges and optimize your overall energy spending. Contact NUR today for a free consultation and let us help you navigate these rising costs.
