Power Demand Hits Record 114,800 MW In East, Midwest US

Power demand in PJM Interconnection, the electrical system covering 13 eastern and midwestern states, hit 114,800 megawatts Monday afternoon – a worldwide first for a centrally dispatched system, grid operator PJM Interconnection LLC (PJM.XX) said in a release.

The region had adequate power supplies and backup capacity to meet that demand and is expected to handle a new high of 120,091 megawatts Tuesday, PJM said.

The strong demand drove wholesale power prices for Tuesday up to $78-$82 a megawatt hour, from $66-$67.50 done on Monday.
DowJones Newswires via iWon