Reported 2 days ago
The US power grid faces unprecedented costs of $16.1 billion as businesses and households cope with soaring electricity demand driven by the AI boom. Recent power auctions conducted by PJM Interconnection have led to increased capacity prices, prompting utilities to consider building more power generation facilities. This spike in demand is causing utility bills to rise, and experts warn consumers may see up to a 5% increase on their electricity bills. As discussions continue about the future of power generation, the role of major data centers in driving demand is highlighted.
Source: YAHOO