Power prices are up 76% on America’s biggest grid, and a watchdog is pointing fingers

Monitoring Analytics was similarly unimpressed with PJM’s white paper. The group said that PJM was using the crisis “as a pretext” for tearing up the way its power market works. “The core elements of the PJM market design remain robust,” it said, suggesting instead that the grid operator had bungled its response to surging demand. The solution, it said, “starts with the recognition that the source of the current issues is data center load.” In other words, it’s the data centers, stupid.