“Price-Spikes & Blackouts”: America’s Power Crisis Is Just Getting Started
14th August 2025
Read it.
The epicenter of America’s power crisis appears to be on the PJM Interconnection grid, with the Mid-Atlantic area at ground zero. Power bills in the Baltimore area are skyrocketing, driven mostly by disastrous green policies that have shuttered reliable, low-cost fossil fuel power generation plants in favor of unreliable solar and wind energy, allegedly to address a climate crisis. Now demand is surging, whether from AI data centers, EVs, or other electrification trends, which means there’s a massive mismatch in power supply versus power demand.
Goldman analysts led by Hongcen Wei have been tracking the power crisis and warned in a note on Wednesday that power market tightening has expanded from the three grids they covered last month (read here) to all regional markets.
“We find that 9 out of 13 US regional power markets have already reached critical tightness this summer, while expecting all but one to reach critical tightness by 2030,” Wei wrote in the note to clients.
Really: Ayn Rand predicted this back in the 1950s in Atlas Shrugged.