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 .

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

Prices rose 4.5% in May on an annual basis, according to the Bureau of Labor Statistics' consumer price index (CPI), a broad measure of the cost of everyday goods like gasoline, groceries and rent ...

Wholesale prices in Long Island topped $7,000 per MWh. Sign up here. New York ISO, the state's grid operator, warned it may initiate emergency actions after operating reserves declined.

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.

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 ...

U.S. home electric bills could reach new high this summer 03:40. High temperatures projected across the U.S. summer could take a toll on Americans' budgets by driving up the price of keeping homes ...

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 ...