The Lawrence Berkeley National Laboratory has reported that American data centers consumed about 4.5% of of our national electricity in 2023 and estimates that data centers could use as much as 12% of the nation's electricity by 2028. Wholesale auction prices for electricity are hitting record highs, even as grid reliability is falling to record lows. Residential prices are climbing to match with residential electricity rates increasing faster than inflation. Data centers also demand water faster than local communities can provide it, especially on the hottest days of the year when many municipal water systems are already under strain. (23:09–23:16)
CLAIM
Asserts that electricity prices are at record highs while grid reliability is at record lows.
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