200 US utility firms join Trump electricity pledge as data center electricity use expected to quadruple by 2035 — but does the President's pledge have the teeth to regulate electricity pricing?
- US data center electricity usage is expected to quadruple by 2035
- There has been a surge in signups for Trump's Ratepayer Protection Act
- Residential electricity rates have risen by 25% over the past four years
US data centers are expected to use four times more electricity by 2035 than they currently use, bringing the total consumption to one fifth of the country's electricity production.
In an attempt to quell the national dissatisfaction with AI and the data centers needed to support capacity, over 200 entities have joined President Trump’s pledge to not pass on rising electricity costs to consumers.
But Trump’s pledge is entirely voluntary, and has little control over electricity pricing which is decided by state regulators and electricity buyers and sellers - and in some states with huge data center buildouts electricity pricing has already risen significantly.
Electricity consumption set to quadruple
A new report by BloombergNEF seen...
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