Data center boom across Europe could well lead to higher electricity prices, report warns
- Report warns Europe's data center push ultimately means the sector will need more electricity
- Data centers only pay for their direct upgrades – not broader grid upgrades
- Government intervention is likely needed to protect billpayers
New Moody's data has warned that Europe's growing data center footprint could severely impact energy prices across the continent as we're already seeing in the US.
As of 2025, Europe's data center-related electricity consumption stood at around 2.5% of the entire continent's consumption, however within the space of a decade (by 2035), this could more than double to 5.7% across countries like France and the UK.
But more worryingly, the countries that are set to play host to the most capacity will likely see even starker rises, including the Northlands (17%) and Ireland (30%).
European data centers could push energy prices up
Moody's explained that, while data centers would typically pay for any upgrades needed...
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