Democrat Governors Go Green, Make Electric Prices Skyrocket, and Then Blame the Grid Operators They Hamstringed

The five states complaining to the Federal Energy Regulatory Commission have some of the nation’s more expensive electricity. And it’s all their fault... - Thomas J Shepstone - Guest Post by Gordon Tomb of the Commonwealth Foundation.

• In October, electric grid operator PJM Interconnection received a joint letter from five Democrat governors—Pennsylvania’s Josh Shapiro, Illinois’ JB Pritzker, New Jersey’s Phil Murphy, Maryland’s Wes Moore, and Delaware’s John Carney. According to them, PJM, which supplies electricity to 13 states and the District of Columbia, has gouged customers with its annual capacity auctions.

These auctions are where power producers bid to gain access to the grid to distribute electricity they generate. 

• Last year, a shortage of suppliers drove bids higher, resulting in $14.7 billion in additional costs that households and businesses will absorb in their electricity bills...