Electricity prices are rising by double the rate of inflation. Data center demand means no relief ahead
Source: cnbc_official
Electricity prices are rising by double the rate of inflation. Data center demand means no relief ahead
Source: cnbc_official
4 Comments
Families won’t see relief from rising electricity prices anytime soon, as demand from artificial intelligence data centers soars while power supply grows slowly, according to Goldman Sachs.
Electricity prices jumped 6.9% in year over year 2025, more than double the headline inflation rate of 2.9%, Goldman analysts told clients in a research note published Wednesday.
Prices will continue to rise through the end of the decade as data centers make up 40% of electricity demand growth, the analysts said. This will lower disposable income, drag down consumer spending and slightly slow economic growth in the coming years, they said.
More details: [https://cnb.cx/46xd0Fq](https://cnb.cx/46xd0Fq)
My last utilities bill was insane last month despite the fact my usage is down compared to same time last year.
AI Child Porn seems like a bad way to spend the last of humanity’s carbon budget.
We could be building the renewables that would lower our utility rates… but between Trump, Republicans, and NIMBY’s being against solar and wind for the last couple of decades (and Republicans weren’t always against this), we have squandered time and money.
We also should not stop building the data centers… that’s a huge industrial base of this new century. Instead, we should be building out solar, wind, and stationary storage to meet the challenges of this century.