US electricity use hits new high from AI

The article addresses a record-high increase in electricity consumption in the United States during the years 2026 and 2027, driven by growth in data centers dedicated to artificial intelligence and cryptocurrencies, as well as increased electricity use in homes and businesses. At the same time, reliance on fossil fuels for heating and transportation is declining. The administration projects that electricity demand will surpass 4.288 trillion kilowatt-hours in 2026, with wholesale electricity prices rising to an average of $52 per megawatt-hour due to severe weather conditions. The forecasts also indicate a reduction in coal's share of electricity generation to 16%, an increase in renewable energy to 25%, while nuclear energy's share remains steady at 18%. Additionally, the natural gas sector will experience changes in demand, with decreases in residential and commercial use, and increases in industrial and electricity generation applications.

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