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Study: AI and data centers could drive cost of energy up by 70% over 10 years

  • The average American’s energy bill could increase from 25% to 70% in the next 10 years without intervention from policymakers, according to a new study from the Jack Kemp Foundation.
  • The increase in demand from AI and data centers, which can use as much energy as almost 40,000 homes, is straining the U.S. Power grid.
  • Dominion Energy's spokesperson Aaron Ruby disagreed with the study's claim, stating the projected price increase to 70% was “way off” for Virginia.
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