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What’s Happening to Wholesale Electricity Prices? (www.construction-physics.com)

submitted 1 week ago* (last edited 1 week ago) by cfgaussian@lemmygrad.ml to c/us_news@lemmygrad.ml

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[–] cfgaussian@lemmygrad.ml 10 points 1 week ago* (last edited 1 week ago) (1 children)

The infrastructure is aging and not enough is being invested in modernizing or expanding it. Fossil fuel prices such as natural gas are increasing. There is insufficient addition of alternative energy sources. And the big thing that this paper leaves unsaid: the rise of big data centers and "AI". These data centers consume incredible amounts of electricity which drives consumer prices up for everyone else. Thus, when the energy bill comes, every citizen ends up effectively paying a tithe to "AI".

[–] haui@lemmygrad.ml 6 points 1 week ago

My tinfoil hat says that they keep hyping AI to artificially offset the democratization done by renewables. In short: a way to say "look, renewables aint working, keep buying our oil"