"Price-Spikes & Blackouts": America's Power Crisis Is Just Getting Started

The epicenter of America's power crisis appears to be on the PJM Interconnection grid, with the Mid-Atlantic area at ground zero. Power bills in the Baltimore area are skyrocketing, driven mostly by disastrous green policies that have shuttered reliable, low-cost fossil fuel power generation plants in favor of unreliable solar and wind energy, allegedly to address a climate crisis. Now demand is surging, whether from AI data centers, EVs, or other electrification trends, which means there's a massive mismatch in power supply versus power demand. 

Goldman analysts led by Hongcen Wei have been tracking the power crisis and warned in a note on Wednesday that power market tightening has expanded from the three grids they covered last month (read here) to all regional markets.