Billiejeens
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The increases have largely been driven by the costs of updating and maintaining the power grid and other necessary infrastructure, particularly in the face of increasingly common severe weather events, according to experts on energy and computing who spoke with CNN.
But a new technological wave is also driving up electricity bills: The AI boom is boosting electricity demand and power resources as tech giants pour billions into what many believe is the biggest computing shift in decades. OpenAI and Broadcom announced a partnership just this week to design and develop 10 gigawatts of custom AI chips and systems, more than enough to power a major city.
That trend is only expected to continue. Data centers are projected to consume approximately 6.7% to 12% of US electricity in 2028, up from 4.4% in 2023, according to a December 2024 report from the Department of Energy. A Bloomberg News analysis found that areas near data centers saw an increase in electricity costs of as much as 267% compared to five years ago.
But a new technological wave is also driving up electricity bills: The AI boom is boosting electricity demand and power resources as tech giants pour billions into what many believe is the biggest computing shift in decades. OpenAI and Broadcom announced a partnership just this week to design and develop 10 gigawatts of custom AI chips and systems, more than enough to power a major city.
That trend is only expected to continue. Data centers are projected to consume approximately 6.7% to 12% of US electricity in 2028, up from 4.4% in 2023, according to a December 2024 report from the Department of Energy. A Bloomberg News analysis found that areas near data centers saw an increase in electricity costs of as much as 267% compared to five years ago.
