Power Surge: AI's Impact on Wholesale Electricity Prices
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Description: A Bloomberg News analysis of wholesale electricity prices for tens of thousands of locations across the country reveals the effects of the Al boom on the power market with unprecedented granularity. The locations and prices were tracked and aggregated monthly by Grid Status, an energy data analytics platform. Bloomberg analyzed this data in relation to data center locations, from DC Byte, and found that electricity now costs as much as 267% more for a single month than it did five years ago in areas located near significant data center activity.