Winter Storm Fern triggers massive surge in wholesale power prices across Virginia
Winter Storm Fern has pushed Virginia electricity prices to $1,800 per megawatt hour. Nearly 900,000 customers are currently without power across the US.
Insights:
Winter Storm Fern has triggered a sharp surge in wholesale electricity prices across the largest regional power grid in the US 
US, with costs in Virginia reaching nearly nine times their normal levels on Sunday. The PJM Interconnection, which serves 67 million people, faced immediate operational stress as the storm swept across parts of the country late Saturday night, causing demand to exceed initial forecasts and straining infrastructure during the ongoing event.
US, with costs in Virginia reaching nearly nine times their normal levels on Sunday. The PJM Interconnection, which serves 67 million people, faced immediate operational stress as the storm swept across parts of the country late Saturday night, causing demand to exceed initial forecasts and straining infrastructure during the ongoing event.
