The White House wants AI companies to cover rate hikes
February 26, 2026 2026-02-26 12:24The White House wants AI companies to cover rate hikes
The White House wants AI companies to cover rate hikes
The proliferation of AI data centers plugging into the national electrical grid has helped increase consumer electricity prices, driving up the average national electricity price by more than 6% in the last year.
That’s not a good look for the incumbents ahead of this fall’s elections, and President Donald Trump addressed the challenge in his State of the Union speech last night.
“We’re telling the major tech companies that they have the obligation to provide for their own power needs,” Trump said. “They can build their own power plants as part of their factory, so that no one’s prices will go up.”