Your Power Bill is Soon Rising, Thanks to the AI Boom
Residents in New Jersey are facing the possibility of a sharp increase in electricity costs starting June 1, with bills potentially jumping by as much as 20%. A major reason behind this projected spike is the rapid growth of data centers across the country. These massive computing hubs, essential for supporting AI, cloud services, and data storage, are pushing U.S. electricity demand higher than ever. Experts say this trend is only going to intensify. Schneider Electric, a firm focused on energy systems and automation, predicts a 16% rise in electricity usage by 2029, largely driven by the expanding footprint of…