AI Data Centers Drive Electricity Price Growth

Goldman Sachs said Wednesday in a research note that U.S. electricity prices rose 6.9% year-over-year in 2025 and will keep rising as AI data centers account for 40% of electricity demand growth through the decade. The bank predicts household electricity bills will increase another 6% through 2027, shaving 0.2% off consumer spending and slowing GDP growth by 0.1%; regional impacts will vary.