“The outcome demonstrates that the current system doesn’t work to bring online new capacity or stimulate demand response, the two things we need the most,” Aurora Energy’s Julia Hoos told Utility Dive, warning of “an intervention doom loop.”

PJM's capacity auction for 2027/2028 fell 6,517 MW short, hitting the $333.44/MW-day price cap as AI data center demand outpaces grid supply additions.

“The outcome demonstrates that the current system doesn’t work to bring online new capacity or stimulate demand response, the two things we need the most,” Aurora Energy’s Julia…