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Posted on 02/12/2026 8:26:50 AM PST by DFG
Families won’t see relief from rising electricity prices anytime soon, as demand from artificial intelligence data centers soars while power supply grows slowly, according to Goldman Sachs.
Electricity prices jumped 6.9% in year over year 2025, more than double the headline inflation rate of 2.9%, Goldman analysts told clients in a research note published Wednesday.
Prices will continue to rise through the end of the decade as data centers make up 40% of electricity demand growth, the analysts said. This will lower disposable income, drag down consumer spending and slightly slow economic growth in the coming years, they said.
Households will see electricity prices rise another 6% through 2027, the analysts said. Price inflation will then slow to 3% in 2028 on lower natural gas prices, they said. Consumer spending growth will fall 0.2% through 2027 and economic growth will slow 0.1% as a result, according to Goldman.
The trajectory of electricity prices, however, will vary widely across the U.S. based on different regional market structures and what regulatory choices are made, the bank said.
“The income and spending drags will likely be larger for lower-income households because electricity accounts for a greater share of their spending,” Goldman analyst Manuel Abecasis said. Households in regions with more data centers will also take a bigger hit, he said.
Higher electricity prices will increase core inflation by 0.1% through 2027 and by 0.05% in 2028 as businesses pass on higher costs to conusmers, the Goldman analysts said.
(Excerpt) Read more at cnbc.com ...
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My January bill was 200. My winter monthly bills never went over 150 before.
Gonna make people want to install solar panels to defray the high costs of electricity. Electricity costs should be declining given the supply we have in America and improved tech, but NOOO
We could increase grid capability in Texas by 10% if we didn’t artificially cap the coal plants in the East. Sadly had we used subsidy money for attracting gas plants instead of windmills we would have energy falling out of our ears.
FILE UNDER -UN affordability
More drilling and more coal will take care of it. Solar/wind need their subsidies ended. It’s taking money that should be spent on cheaper fossil fuels.
Wait until all the new America-hating, foreign communist pigs take over after the midterms.
Blame the requirement for solar and wind power..and shutting down coal fired plants.
https://www.energy.gov/ne/articles/advantages-and-challenges-nuclear-powered-data-centers
How can residential power be affected if data centers will be nuclear powered?
There is plenty of information out there on the subject.
This AI power demand is being overstated bc Libs still won’t admit their alternative fuel sources are unreliable and expensive.
Because they largely will not be if history is any guide.
Like it or not, the federal income tax uses tax brackets. Not everyone pays the same rate.
Should brackets be considered for electric power use? Once a customer is over a certain number, he pays at a higher rate.
Just asking. And I do know that once power brackets are set in place, politicians won’t be able to resist fussing with them.
Start deploying those Small Modular Nuclear Reactors at the AI research centers, and get them on assembly line production.
An all-out expansion of the grid and off-grid electrical generation capability, using nuclear, clean coal, and natural gas should be almost like a war mobilization effort, first cutting through all the “review” and “environmental studies” bureaucratic delays, and getting a crash priority for the preparation and expansion of existing and new facilities.
“Can do” works every time it is applied.
Need more nukes, too.
Is this mainly a blue state phenomenon? My last month’s electrical bill is much in line with last January’s bill. I’m in NE Georgia.
Climate Change is a fraud.
My power bill (all electricity) is already that way. There appears to be no way to have bills always in the lowest bracket - unless humans really can hibernate! ;-)
They’ve already strip mined the easy stuff. Natural gas is now cheaper.
If data centers are driving the increased demand, just maybe they ought to pony up and pay for driving up the cost.
Here in NC, Duke energy bill was $280 for December and $430 for January. In 20 years of living here my electric bill was never more than $260 or so.
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