Electricity prices in the U. S. are rising rapidly, becoming a pressing political issue, especially in the Mid-Atlantic region. This trend could significantly impact the future of both consumers and businesses reliant on electricity.
• Rising retail electricity prices have gained attention and are expected to influence upcoming elections.
• Eight out of 13 U. S. regional power markets are nearing critical capacity levels, as reported by Goldman Sachs.
• Data center electricity demand is projected to surge, potentially reaching 106 GW by 2035, from a current 25 GW, contributing to escalating bills.
• A Department of Energy report indicates that the U. S. will need an additional 100 GW of power capacity by 2030 due in part to data centers.
• Bloomberg highlights the complex relationship between electricity affordability, climate initiatives, and the perceived blame on data centers for rising costs.
The situation poses questions about future utility regulations and the effect on investments in independent power producers, especially with the upcoming midterm elections.
https://www.zerohedge.com/markets/residential-electricity-prices-are-surging-even-more
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