US summer electricity costs projected to rise 8.5%
Updated
Updated · The New York Times · May 1
US summer electricity costs projected to rise 8.5%
12 articles · Updated · The New York Times · May 1
Average household electricity bills for June through September are forecast at $778, with the sharpest increases in the South, including 13.5% in Florida, Georgia and the Carolinas.
A region including Texas and Oklahoma is expected to see an 11.5% jump to $924, as grid upgrades, AI data-centre demand and hotter weather push retail power prices above inflation.
The forecast, based on Energy Information Administration and NOAA data, said rising cooling demand is driving persistently high costs, while abundant US natural gas supplies have limited any electricity-price impact from the Iran war.
With AI's energy thirst driving up bills, will tech giants or households foot the trillion-dollar cost for a new power grid?
As America's power grid strains under AI's demand, are widespread energy shortages and delayed progress the inevitable outcome?