Data Centers and AI Drive Up Electricity Bills Across Multiple States

1 min read
Source: Business Insider
Data Centers and AI Drive Up Electricity Bills Across Multiple States
Photo: Business Insider
TL;DR

Rising demand from data centers, especially in PJM's territory, has led to a 22% increase in wholesale electricity prices from 2024, causing potential utility bill hikes of up to 5% for 67 million customers across 13 states, with concerns over the impact on residential affordability and the transfer of wealth to large corporations.

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