AI Boom Hikes Electricity Prices, Strains Households

The AI revolution is causing electricity prices to soar, with data centers consuming more power than ever. This data center frenzy could see consumption rise by 50% by 2028, straining household budgets and hindering efforts to electrify energy systems. The average overdue utility bill balance has surged by 32% since 2022, now standing at $789. As AI continues to boom, its energy demands are reshaping our electricity landscape, with households potentially funding new infrastructure to support data centers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.