Ohio's Wholesale Electricity Costs Skyrocket by 22% The capacity auction results from PJM Interconnection have revealed a significant 22% increase in wholesale electricity costs compared to last year, raising concerns about potential rate hikes for consumers. The sharp price jump is attributed to rising energy demand due to warmer temperatures, with estimates suggesting an average electric bill increase of 5% by 2026, building on already high prices that many Ohio residents have experienced in recent years.

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