AIFortuneabout 3 hours ago
AI boom's hidden electricity bill hits ratepayers
4 min read
PJM Interconnection's July 2028-29 capacity auction cleared at the $325 per MW-day price cap, with supply falling 6.8 GW short. Moody's Ratings states costs of new power for data centers are spread across all customers, not borne by the tech companies. Households in PJM territory could face up to 60% rate hikes over five years.
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