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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. [Link: Data Centers to Add Billions in Power Costs in 13 States | https://www.nytimes.com/2026/07/14/business/energy-environment/pjm-electricity-prices-data-centers.html | nytimes.com]
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abcnews.com
Massive AI buildout poses inflation threat as consumers pay more for electricity
American consumers — and the Federal Reserve — are being hit with another high-cost headache
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fortune.com
Data centers have already hiked electricity prices on the public by $23 billion. Good luck clawing that back | Fortune
A PJM market watchdog calls the shift a "massive wealth transfer" to tech companies, but there's a peak-demand loophole.
