US EditionStaten Island Con Ed Customers Could See Nearly $30 Monthly Rate Hike if Utility Gets Its Way
UNITED STATES, JUL 10 – U.S. utilities requested a $29 billion increase in electricity rates, a 142% rise from 2024, due to AI data centers expected to double power consumption over ten years.
- Consolidated Edison has requested a Public Service Commission approval for a $1.6 billion electricity delivery revenue increase that could raise Staten Island customers' bills by nearly $30 monthly.
- This request follows earlier proposals and hearings amid growing power demand from AI data centers, prompting utility companies nationwide to seek $29 billion in rate hikes this year.
- Consumer advocacy groups and lawmakers slammed the Con Ed rate hikes, citing New York's acute affordability crisis and arguing households should not bear costs for AI infrastructure expansion.
- PowerLines executive director Charles Hua described the situation as a "deer-in-headlights dynamic," reflecting uncertainty among utilities and regulators balancing data center growth and consumer bills.
- The proposed increases imply significant financial burdens for residential and industrial consumers, raising broader questions about how to fairly allocate costs amid rising electricity demand.
12 Articles
12 Articles
Electric Bills in US Set to Rise as Utility Requests for Rate Hikes Double
US electric companies have asked for $29 billion in rate increases so far this year, more than double their requests for the first half of 2024, according to a new report from energy affordability advocacy group PowerLines.
U.S. Power Utilities Seek Price Hikes on AI Demand
Power utilities in the United States have applied for permission to raise electricity prices, with a demand surge from AI data centers suggested as the reason, the Financial Times reported today, citing data from PowerLines, an energy affordability advocacy. In the first half of this year, U.S. power utilities applied for price hikes of a total $29 billion, the FT said, adding this represented a 142% increase on the first half of 2024. The publi…
America’s AI Gold-Rush Is Outrunning the Grid — Here’s How We Keep the Lights On
Silicon Valley’s latest status symbol isn’t a private jet, it’s a direct-purchase contract for megawatts. While chatbots and computer-vision models exist in the cloud, that cloud runs on electricity, and America is running low.Data centers already consume 4.4% of the nation’s electricity, and AI-optimized facilities could push that figure to 12% by 2028. The Energy Information Administration predicts a 25% increase in demand by 2030, and nearly …
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