The increasingly ubiquitous technology consumes enormous amounts of power. Rising electric bills are hitting households nationwide as ai data centers, lng exports, heat waves, and grid costs drive power prices higher. Those plants, often powered by natural gas, operate at higher marginal costs than baseload nuclear or hydro facilities
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When demand spikes, the price of electricity on wholesale markets can double or even triple, a cost that eventually shows up on consumer bills.consumer behavior and data hungerthe digital age has also reshaped consumption.
Across the country, demand for electricity is on the rise — and so is the price of electric power.
Here's why your electric bill is going up inflation is a fact of life, especially in recent years But two specific trends are driving up prices in the gas and electric industries, vaughn said.
