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Energy Costs are Rising. Trump and Big Tech Are to Blame
On the campaign trail, President Donald Trump promised to cut energy costs in half. Now, energy costs are skyrocketing.
It’s what I call a “heatwave economy,” in which extreme heat collides with corporate-driven utility price spikes, and working families foot the bill while trillion-dollar tech companies profit. In the PJM grid region alone, which spans parts of the Midwest and Mid-Atlantic, data centers helped drive capacity auction prices up by more than 800% this summer, increasing wholesale electricity rates by 22%. And the harm goes beyond higher bills: in Memphis, an xAI data center has drawn backlash for polluting the air through 35 unpermitted methane turbines emitting greenhouse gases and carcinogenic formaldehyde above federal limits in a majority-Black neighborhood.
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