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US Manufacturers' Electricity Bills Surge as AI Data Centers Strain Power Grid

GateNews
AI Industry NewsCommodities
According to a Reuters analysis published today, US manufacturers in the Rust Belt region are facing significantly higher electricity costs as growing energy demand from artificial intelligence data centers strains the power grid. PJM Interconnection, the largest grid operator in the region, has seen capacity prices jump from $28.92 per megawatt-day in 2024 to $329.17 per megawatt-day in 2026. Steel companies concentrated in the Rust Belt, where electricity accounts for 20 to 40 percent of production costs, are paying tens of millions of dollars annually in higher power costs, according to the Steel Manufacturers Association. Metallus, an Ohio-based steelmaker, reported its electricity costs have surged 70 percent since 2024, adding $15 million to annual energy expenses.
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