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AI growth strains electrical grid as tech companies expand operations [Yahoo! Finance]
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“We're doing everything we can to stop that rise in electricity prices that was driven by Biden policies, and yes, there's inertia that continues on," the Energy Secretary told Fox News. “But very soon, you'll see a stop of the rise of electricity prices,” he added. “And with the continuation of Trump policies of energy addition, you will see declines in electricity prices later this term.” People have been jolted by their electric bills lately, as national averages have climbed roughly 10% to 13% from 2022 to 2025 due to factors like extreme weather, higher fuel costs, and increased demand from data centers. In fact, on December 16, three Democratic senators announced that they were investigating whether the operations of technology companies are contributing to increased residential electricity bills, according to The New York Times In a letter sent to Alphabet ( GOOGL ), Microsoft ( MSFT ), Amazon ( AMZN ), Meta Platforms ( META ), and three other companies, the lawmakers
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