Part 3/8:
The importance of electricity prices cannot be overstated in this context. Data centers are notoriously energy-intensive: they already consume over 4% of US electricity, with projections showing this could triple by 2028. In the US, power bills are rising partly due to the booming demand for data processing. For example, residents in Washington, D.C., have experienced a $21 monthly increase since June, driven in large part by data center consumption.