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Power prices in the largest U.S. grid rose sharply on Sunday as demand in a region with the world’s largest concentration of energy-hungry data centers surpassed forecasts during a deep freeze gripping half the country.
Real-time wholesale electricity prices topped $1,800 per MWh early Sunday in Dominion Energy’s
Virginia territory, up from $200 per MWh on Saturday morning. Virginia houses the largest cluster of data centers in the world.
Data centers, which are used to power things like artificial intelligence, have been responsible for rising power demand and prices in swaths of the country.
