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flag Pennsylvania Governor Shapiro agrees on a price cap with PJM to prevent an 800% surge in power costs, saving consumers billions.

flag Pennsylvania Governor Josh Shapiro announced an agreement with PJM, the grid operator for 13 states, to implement a price cap to prevent an 800% increase in power costs, which would have raised utility bills by 30%. flag The new cap aims to lower costs from $500 to $325 per megawatt day, saving consumers billions. flag However, the plan needs federal approval and faces criticism for not addressing deeper market issues.

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