Tag Archives: Powering Intelligence

Powering Intelligence: The Hidden Electricity Bill of the AI Boom

Powering Intelligence: The Hidden Electricity Bill of the AI Boom

On July 14, PJM Interconnection’s 2028-2029 capacity auction cleared at its regulatory ceiling, signaling that AI-driven demand is outrunning grid supply. A Fortune investigation found data centers responsible for $6.3 billion in a single auction’s capacity charges, with households in PJM territory potentially facing rate increases of up to 60 percent over five years.