Shapiro says extended price caps will save consumers billions across PJM electric grid

HARRISBURG — The wholesale electricity price fetched through regional grid operator PJM Interconnection’s auctions will remain artificially capped for two additional years, a move Gov. Josh Shapiro said will save billions for households throughout Pennsylvania and far beyond. PJM manages the electric grid for 13 states and Washington, D.C., serving approximately 67 million Americans. By maintaining a price cap of $325/MW-day, Shapiro...