economy
AI's Power Bill Is Here
The largest US electrical grid operator, PJM, will add $6.3 billion in electricity costs for consumers across 13 states due to the booming energy demands of data centers. The rate hikes will hit millions of households and businesses over the next two years, adding to the $29 billion in costs that data centers have added to PJM regions since 2024.
TL;DR
- PJM, the largest US electrical grid operator, will add $6.3 billion in electricity costs.
- The cost increase affects consumers across 13 states over the next two years.
- The rising costs are due to the booming energy demands of data centers.
- Millions of households and businesses will be impacted by the rate hikes.
- Data centers have already added $29 billion in costs to PJM regions since 2024.