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Electricity prices surge up to 267% in markets near data centers in the past five years
['Jon Keegan']
Sherwood News | RSS Feed
A new analysis by Bloomberg looked at wholesale electricity prices and found that in the past five years, areas near data centers saw their prices spike as much as 267%.
More than 70% of the price increases took place in areas less than 50 miles from a data center.
As tech companies race to build colossal data centers, unprecedented energy demands from the projects are passing some of the costs on to consumers.