Largest US power grid warns of record demand and price spikes
The operator of the largest US power grid said it is bracing for record electricity demand, driven by data centres and heat, and warned of the risk of price spikes. It said capacity strains are likely to persist for years.
The operator of the largest US power grid said it is bracing for record electricity demand and warned of the risk of price spikes. Officials pointed to rapid load growth from artificial-intelligence data centres, alongside summer heat, as straining the system.
The operator said new generating capacity is coming online more slowly than demand is rising, which could drive volatility in wholesale electricity prices. The grid said it may at times ask consumers to conserve power to protect reliability.
Analysts say capacity strains are likely to persist for years and that infrastructure investment needs to accelerate. Higher electricity costs could weigh directly on household budgets as well as on energy-intensive industries.
Read next
US and Iran hold talks aimed at securing peace and shipping in Strait of Hormuz
The United States and Iran are holding technical talks aimed at restoring security and shipping in the Strait of Hormuz, the Economic Times reports. Both sides say contacts are continuing toward a peace arrangement.
Foreign investors sell Asian stocks at record pace as AI trades crowd
New Zealand Treasury Reveals Its Advice to Government in Early Days of Fuel Crisis
Spain Records More Than 1,000 Excess Deaths in June Heatwave
