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PJM Interconnection's $12B modeling error impacts 66M ratepayers

By PulseAugur Editorial · [1 sources] ·

A modeling error by PJM Interconnection has resulted in an overpayment of $12 billion across two capacity auctions. This mistake is now impacting ratepayers in 13 states and Washington D.C., with data centers being cited as a contributing factor, though the core issue lies in the system's design. The situation highlights concerns about the accuracy of PJM's forecasting methods. AI

IMPACT Highlights potential risks and financial consequences of flawed modeling in critical infrastructure systems.

RANK_REASON Significant financial impact due to infrastructure operator error. [lever_c_demoted from significant: ic=1 ai=0.4]

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PJM Interconnection's $12B modeling error impacts 66M ratepayers

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    66 million people across 13 states (DE, IL, IN, KY, MD, MI, NJ, NC, OH, PA, TN, VA, WV, plus DC) are paying for a modeling mistake costing over $12 billion.

    66 million people across 13 states (DE, IL, IN, KY, MD, MI, NJ, NC, OH, PA, TN, VA, WV, plus DC) are paying for a modeling mistake costing over $12 billion. Rob Boswall came to the pod with crystals, a Buddha, and a kiwi in frame. Fitting, because PJM's forecasting might as well

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