Electricity prices surged 4.5% on an annual basis in May, driven by record demand from data centers that are needed to run artificial intelligence models.

Why electricity prices have been rising Since 2022, U.S. residential electricity prices have risen 13 percent on average, outpacing inflation, according to the Energy Information Administration .

About 4.4% of U.S. electricity went to power data centers in 2023, according to a Department of Energy's Lawrence Berkeley National Laboratory study. Not all of that demand is related to AI, but ...

Electricity prices are rising quickly for U.S. households, even as overall inflation has cooled. Electricity prices rose 4.5% in the past year, according to the consumer price index for May 2025 ...

FOX Business correspondent Madison Alworth takes a look. KETK Tyler. A.I. technology causing surge in electricity prices. Posted: June 20, 2025 | Last updated: June 20, 2025.

The tax bill would cut energy-efficiency tax credits while data centers raise power demand, Ari Matusiak writes in a guest commentary.

Industrial electricity prices in the UK are the highest in the G7 and 46% above the median for the 31 member states of the International Energy Agency, which account for 75% of global demand.

In this week's Current Climate newsletter, killing clean energy incentives may boost electricity prices; pension funds are fed up with Tesla board and Musk; EV charging industry headwinds ...

Electricity prices are rising quickly for U.S. households, even as overall inflation has cooled. Stream Connecticut News for free, 24/7, wherever you are. Electricity prices rose 4.5% in the past ...