What surging power demands means for your wallet

JACKSON, Tenn. — America is experiencing a surge in electric power demand that hasn’t been seen in more than 25 years.

It’s fueled by AI, data centers, and a manufacturing renaissance. Energy experts warn that the grid may not be ready.

As we continue into summer we are likely to see a rise in electric utility costs due to our air conditioning and extreme heat.

Todd Snitchler, the president and ceo of the Electric Power Supply Association shares more on what surging power demand means for your wallet.

“I think if you look at the amount of consumption that’s required or that people ultimately take off of the system, that’s a direct component of how your bill is calculated, but at the same time, as we look at the amount of new generation that’s going to be needed to be added to the system, there is a cost associated with that as well that is a longer term cost,” said Snitchler.

According to experts, aging infrastructure, early power plant retirements and policy hurdles at the state and federal level are making it harder to bring new power online quickly enough to meet the country’s growing needs.

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