electricity News & Analysis
4 articles
Market Mood
PJM Interconnection Power Prices Up 76% Amid Data Center Demand
Power prices in the PJM Interconnection surged by 76% over the past year, with wholesale prices for one megawatt-hour of electricity reaching $136.53, up from $77.78. Monitoring Analytics, the independent market monitor, attributed this spike to the drastic increase in electricity demand from data centers. The report warns that unless these demand issues are addressed, customers will face even larger price impacts in the near future. PJM’s grid operator encountered delays in processing new generating sources, which contributed to the supply shortage impacting prices.
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PPL (NYSE: PPL) Partners with X-energy for Nuclear Energy Growth
On April 30, 2026, PPL Corporation (PPL) announced a partnership with X-energy Inc. (NASDAQ: XE) through its subsidiaries, Louisville Gas and Electric Company and Kentucky Utilities. This collaboration aims to explore the deployment of X-energy's Xe-100 small modular reactor for nuclear energy generation. The initiative supports Kentucky's legislative efforts, including a $75 million grant for nuclear site feasibility studies. PPL caters to over 3.6 million customers across Pennsylvania, Kentucky, and Rhode Island, focusing on modernizing utility grids and cleaner energy transitions.
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Government Plans Energy Pricing Shakeup for Consumer Savings
The UK government announced plans to modify energy pricing by reducing the link between electricity and gas prices, aiming to shield consumers from international energy shocks. The proposal includes shifting older renewable energy generators onto fixed-price contracts, which could happen within a year. Although savings have not been quantified, officials claim they could be "significant." Additionally, the windfall tax on electricity generators will increase from 45% to 55% on excess profits, affecting those with older renewable contracts. These changes could impact around one-third of Britain's electricity generation.
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Genie Energy (GNE) Reports 17% Meter Growth in Q4 2024 Earnings
Genie Energy (GNE) reported an increase of 23,000 net new meters added in Q4 2024, bringing the total growth for the year to over 60,000, a nearly 17% increase. The company achieved the high-end of its adjusted EBITDA guidance and reported over $6 million in gross profit for its renewables business, GREW, which saw a growth of over 120% compared to 2023. Despite lower electricity margins, the fourth quarter margins exceeded historical averages. Looking ahead, Genie plans to expand its meter book further in 2025, particularly in Texas and California.
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