# Your power bill is about to surge-take action

Published

August 24, 2024

## What’s happening?

Big changes are coming to your power bill, and they’re going to hurt your wallet. PJM Interconnection, which manages power in 13 states including Pennsylvania, Maryland, and Ohio, just reported a massive price spike in the wholesale market—nine times higher than last year. Why?

**- Higher Demand:** Data centers, including those for crypto mining and AI, are consuming more power.

**- Extreme Weather:** Heatwaves and other weather events are pushing energy use higher.

**- Less Supply:** Older power plants are closing, tightening the electricity supply.

## What can I do about it?

This spike will trickle down to your bill in the next 12 months, with significant utility rate price hikes already being forecast. Power companies win—your wallet loses.

- **Sign Up with Arbor Now:** We’ll find you a lower rate before your bill spikes.

- **Stay Ahead of Price Hikes:** Don’t wait until the increase hits—lock in savings today.

- **Shop Smart:** Compare rates and cut your costs before it’s too late. Electricity rates are rising fast, but you can still take control. Let Arbor make sure you get a great rate and don't get hit with any fine print.

### Start lowering your electricity bills today

Take 2 minutes to join thousands of other Arbor households lowering their energy costs.