In the latest PJM capacity auction, a staggering 134,311 MW of generation resources were procured at the price cap of $329/MW-day, reflecting a 22% increase in electricity costs. This auction has raised alarms among consumers, particularly in states like New Jersey and Ohio, where bills may see significant hikes—potentially up to 142%. The surge in electricity prices is largely attributed to the growing demand from AI technologies and data centers, which are straining the existing grid infrastructure. Experts have warned that the grid is unprepared for this boom, leading to concerns about capacity shortages and reliability. While companies like Talen Energy report strong auction results and stock surges, the implications for everyday consumers could be dire, as they may bear the brunt of these escalating costs.