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Electricity Rates Are Set To Rise This Summer, This Is How Owners and Tenants Can Manage The Increase
Building owners and tenants take heed, a significant electricity rate increase is on the horizon, but there is something you can do to prepare and curtail costs. Last July, PJM Interconnection, which manages the electric grid for the District of Columbia and 13 states including Ohio, announced a significant rise in capacity costs which increased from $2.2 billion to $14.7 billion for the 2025-26 delivery year, with further increases expected for the 2026-27 delivery year. PJM cited the demand for artificial intelligence along with the growing presence of data centers,…
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