AI data center boom sends some wholesale electricity prices soaring up to 267% in five years, says report — as global rollout of AI factories continues apace

Residents living near some of the recently constructed data centers designed to power the AI boom (or bubble) are reporting skyrocketing costs for electricity, as the data centers’ unprecedented demands on local power infrastructure place additional strain on regional power grids. In some cases, Bloomberg reports prices rising by over 2.5 times in just a few years, making it hard for some residents to afford their daily bills.

Inflation remains a concern for some in the U.S — trade tariff uncertainty…