Overview

• National residential electricity prices rose about 6.5% between May 2024 and May 2025, with Maine, Connecticut and Utah posting increases above 15%.
• Only five states — Nevada, Hawaii, Iowa, North Dakota and Montana — experienced declines in residential rates over the same period.
• AI-focused data center loads accounted for over 60% of the increase in PJM capacity auction prices, adding an estimated $9.3 billion to consumer bills.
• The Trump administration is promoting coal, natural gas, nuclear and hydropower to supply round-the-clock power for AI workloads.
• Analyses project U.S. electricity demand to grow 25% by 2030 and warn blackouts could increase 100-fold without substantial grid upgrades.