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NOPEC warns Willowick of higher electric costs after PJM capacity auction
Summary
NOPEC representative Kyla Presto told the Willowick City Council that a PJM Interconnection capacity auction will raise capacity fees beginning June 2025, which could increase typical household bills about 10–15%. NOPEC also outlined member benefits, available grant dollars and enrollment figures for the city.
Kyla Presto, the relationship manager for NOPEC, told the Willowick City Council on Feb. 4 that a PJM Interconnection capacity auction will raise electricity capacity prices and likely increase local household bills starting in June 2025.
NOPEC’s presentation explained why the regionwide auction sent capacity prices sharply higher and summarized benefits and resources available to Willowick residents and businesses. "The PJM auction for June 2025 through May 2026 resulted in over an 800% increase in the capacity prices," Presto said. "For the average household in the state of Ohio, this means that cost could go up by about 10 to…
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