Residential electricity prices have skyrocketed almost 30% in four years with the AI boom expected to further pressure costs.

Electricity demand will rise much faster than overall energy growth in the coming decades, the IEA projects.

Residential electricity prices have skyrocketed almost 30% in four years with the AI boom expected to further pressure costs.

Residential utility bills rose 6% on average nationwide in August compared with the same period last year, according to the Energy Information Administration.

Joe Bowring of Monitoring Analytics says “Nobody has been looking carefully enough at the forecast to know what’s speculative, what’s double-counting."