AI Boom Hikes Electricity Prices, Strains Households
Update: 2025-11-26
Description
The AI revolution is causing electricity prices to soar, with data centers consuming more power than ever. This data center frenzy could see consumption rise by 50% by 2028, straining household budgets and hindering efforts to electrify energy systems. The average overdue utility bill balance has surged by 32% since 2022, now standing at $789. As AI continues to boom, its energy demands are reshaping our electricity landscape, with households potentially funding new infrastructure to support data centers.
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