Tag

Electricity Prices

All articles tagged with #electricity prices

California’s Heat-Pump Gamble: High Bills Cloud the Clean-Energy Push
environment2 days ago

California’s Heat-Pump Gamble: High Bills Cloud the Clean-Energy Push

California is pushing to electrify home heating with heat pumps (aiming for six million installations by 2030), backed by rebates and easier permitting, but high electricity prices complicate the economics. A Harvard study finds regional differences: savings tend to occur in the South and Pacific Northwest, while the northern Midwest could see higher bills. In California, coastally favorable conditions are tempered by costly rates, larger or colder homes, and required electrical upgrades; solar can help, but upfront costs and rate plans largely determine whether heat pumps save money.

politics8 days ago

Public backs data centers, but price bumps and Trump framing reshape support

A POLITICO poll of about 2,093 U.S. adults finds roughly half support building more data centers when not tied to any political figure, but support declines as monthly electric bills rise, with a tipping point around $10–$25 and strong opposition at $50. Framing the expansion around Donald Trump and AI further reduces support among Democrats and independents. Voters cite electricity costs as the top concern, while knowledge gaps persist about data centers, and proximity to homes affects views (NIMBY dynamics). The findings suggest data centers are becoming a politically salient issue that could influence midterm voting and policy debates.

White House weighs making data centers shoulder grid and water costs
politics10 days ago

White House weighs making data centers shoulder grid and water costs

White House adviser Peter Navarro signaled the administration may force data-center builders to internalize their utility costs—electricity, water and grid resiliency—citing higher bills and a strained grid, though Meta says it already covers its energy usage; the move appears aimed at easing consumer costs amid affordability concerns ahead of the 2026 midterms.

Reality check: U.S. electricity costs are rising across the political spectrum
politics23 days ago

Reality check: U.S. electricity costs are rising across the political spectrum

New data show electricity prices are rising nationwide, not just in blue states; four states logged price drops, while others saw increases driven by aging infrastructure, wildfire-mitigation costs in California, natural gas volatility, and growing demand from data centers. Experts say the trend is multi-factor and not limited to blue-state policies, even as renewables and coal decisions influence costs.

AI Data Centers Push the U.S. Power Grid to the Limit
technology1 month ago

AI Data Centers Push the U.S. Power Grid to the Limit

AI data centers are expanding rapidly, with Virginia hosting the world’s largest cluster and major investments from Meta, Microsoft, and Amazon, but the U.S. electrical grid is aging and may struggle to meet rising energy demand. Officials have floated an emergency electricity auction through PJM to cover growing costs from these centers, while residential rates have climbed and utilities are exploring higher charges for large customers. Projections suggest data centers could consume about 6.7%–12% of US electricity by 2028, and cooling needs could push water use up by about 170% by 2030, highlighting the challenge of coexisting data centers and households.

Inflation-adjusted reality: Biden-era electricity costs rise, but not by 30%
politics1 month ago

Inflation-adjusted reality: Biden-era electricity costs rise, but not by 30%

Trump claimed household utility bills rose “over 30%” under Biden. Federal data show national electricity prices rose 4.7% when inflation-adjusted during Biden’s term (25.8% nominal), with higher spikes in some Mid-Atlantic states due to data centers. Prices fluctuate for many reasons and aren’t tightly tied to the president. Officials are pursuing an emergency 15-year contract auction to add generation capacity; the Energy Department did not comment.

Trump Admin Proposes Emergency Auction to Fast-Track Mid-Atlantic Baseload Plants
energy1 month ago

Trump Admin Proposes Emergency Auction to Fast-Track Mid-Atlantic Baseload Plants

The Trump administration, citing reliability concerns and rising electricity costs in the Mid-Atlantic, urges PJM to temporarily overhaul market rules and hold an emergency procurement auction to finance more than $15 billion of new baseload power, offering 15-year revenue certainty, rate protections for residential customers, and data-center cost allocations to speed reliable, affordable power for industry and families.

White House pushes emergency PJM auction as data centers drive grid strain
energy1 month ago

White House pushes emergency PJM auction as data centers drive grid strain

The White House urged PJM Interconnection to hold an emergency power auction to prevent outages as data-center-driven demand grows faster than new generation, proposing a BYOG model where centers fund and own new capacity. PJM unveiled a competing plan requiring data centers to bring online new generation or face potential curtailment during peak periods, amid rising electricity prices and political backlash over grid reliability.

Policy Shake-Up Roils Energy Stocks as Trump Pushes to Lower Electricity Prices
markets1 month ago

Policy Shake-Up Roils Energy Stocks as Trump Pushes to Lower Electricity Prices

Trump’s plan to lower electricity prices through government action spooked investors, sending energy stocks lower as fears grow that existing contracts could be disrupted and supply could rise; Constellation Energy and Vistra led declines, while some names like GE Vernova benefited and others faced mixed moves as analysts weighed which firms might win or lose from the policy shift.

Trump Pushes Emergency Grid Auction to Make Tech Giants Pay for Data-Center Power
politics1 month ago

Trump Pushes Emergency Grid Auction to Make Tech Giants Pay for Data-Center Power

President Trump and Northeast governors will direct grid operator PJM Interconnection to hold a one-time, 15-year reliability auction that would force data-center operators to fund new power plants to curb rising electricity costs driven by data-center demand; if PJM agrees, the plan could backstop roughly $15 billion in new generation and reshape AI-era data-center power dynamics, with the auction targeted by the end of September and PJM not invited to the rollout.

New England bets big on offshore wind despite presidential pushback
environment1 month ago

New England bets big on offshore wind despite presidential pushback

Massachusetts’ Vineyard Wind and Connecticut’s Revolution Wind remain on track toward completion despite a December pause ordered by the Trump administration. A federal court cleared Revolution Wind to resume, and grid operators say these projects are crucial for New England’s winter reliability and could lower electricity bills by reducing reliance on expensive gas peakers. The Virginia CVOW project and PJM’s involvement illustrate the broader national energy demand driven by data centers. If both New England projects come online, they could power hundreds of thousands of homes and help stabilize prices, even as Trump calls offshore wind among the most expensive energy sources.

AI and Data Centers Drive a New Energy Boom
energy1 month ago

AI and Data Centers Drive a New Energy Boom

While U.S. residential electricity bills have surged by 25% since 2020, data centers and commercial users are paying relatively low prices despite increased energy consumption, highlighting a growing inequality and a K-shaped economic trend. This disparity is driven by complex rate structures and negotiations favoring large consumers, leaving individual households, especially low-income ones, bearing the brunt of rising costs, which can impact health, economic stability, and climate adoption efforts.