A researcher at the Energy and Policy Institute thinks that the new gas plant wouldn't be necessary without data center-driven demand, and a representative of the Virginia Energy Consumer Alliance thinks that the added fuel costs are fully passed onto customers.
Dominion does argue that data centers pay more in upfront costs, but it's hard not to see the shape of a feedback loop in which the grid is expanding to meet the needs of the expanding data centers, with regular Joes and Janes left to foot a chunk of the higher bills.
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Bruno Ferreira is a contributing writer for Tom's Hardware. He has decades of experience with PC hardware and assorted sundries, alongside a career as a developer. He's obsessed with detail and has a tendency to ramble on the topics he loves. When not doing that, he's usually playing games, or at live music shows and festivals. ","collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-24/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Bruno Ferreira Social Links Navigation Contributor Bruno Ferreira is a contributing writer for Tom's Hardware. He has decades of experience with PC hardware and assorted sundries, alongside a career as a developer. He's obsessed with detail and has a tendency to ramble on the topics he loves. When not doing that, he's usually playing games, or at live music shows and festivals.
gamerk316 Don't worry, creating wealth through increasing stock prices, while increasing costs on everybody else, is good economic policy. Somehow. Reply
cknobman Just sitting here watching and wondering how bad it has to get before people start fighting back. Reply
hotaru251 refuse. let the system fail. use it as case study of why you don't allow mega power hungry stuff be built w/o the proper foundation to run it w/o issue. Reply
PEnns gamerk316 said: Don't worry, creating wealth through increasing stock prices, while increasing costs on everybody else, is good economic policy. Somehow. And the moment someone says something against this injustice, they will be labeled as "anti progress radicals / anarchists" by tech bros, their shills and whatever government that fully supports this atrocity and to hell with people and their stupid electric bills! Reply
SomeoneElse23 You can't make this stuff up. "data centers" consume the bulk of the power, cause shortages and price increases, and people are told to reduce their electric usage. So much for "representing the people". Reply
-Fran- The pot is starting to boil and the frog seems to have a pulse still. Let's see if the frog makes it out of the pot or the lid remains closed. Regards. Reply
Arkitekt78 Lets not ask the AI companies to scale back, lets ask the entire rest of the county to do so. SMH… Reply
Simtone Huh. This not how I imagined the AI takeover would be. Far more subtle than Skynet. Reply
King_V New policy – data centers must be contractually obligated to pay the entirety of the power bill of local residents. Not just what they pay over what they used to, but the ENTIRE bill. Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/data-centers/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/data-centers/virginia-county-asks-all-employees-including-schools-to-save-power-due-to-ai-driven-electricity-price-hikes-states-400-plus-data-centers-steadily-increasing-demand-grid-expansion-and-pricing#main
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Informational only. No financial advice. Do your own research.