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ResolvedMacro Economy

Largest US Power Grid Faces Record Demand Amid Heat Dome and Data Center Boom

First Detected: Jul 2, 2026, 4:31 PM
Last Update: about 2 months ago
14 articles·4 stories

Event Summary

The largest U.S. power grid, PJM, is facing record electricity demand due to a heat dome and the expansion of data centers. On July 2, the grid began rerouting power traffic and dispatching costly fossil fuel plants to prevent outages. On July 3, electricity prices tripled on the PJM Interconnection grid, which serves 67 million people across 13 states, as power demand surged to approximately 163 gigawatts, nearing the all-time record set in 2006. On July 6, New Jersey lawmakers passed a bill directing the Board of Public Utilities to establish a dedicated tariff for data centers with 50MW capacity or more.

Timeline

New York Imposes One-Year Moratorium on Large Data Centers Over Grid Concerns
Jul 14, 2026, 11:30 AMImpact: 6
New Jersey Passes Special Power Tariff for Large-Scale Data Centers
Jul 6, 2026, 5:01 PMImpact: 4
US PJM Grid Power Prices Triple Amid Intense Heat Wave and Data Center Demand
Jul 3, 2026, 2:30 PMImpact: 6
Largest US Power Grid Faces Record Demand Amid Heat Dome and Data Center Boom
Jul 2, 2026, 4:31 PMImpact: 5