Business US

The real reason electricity prices are rising, and it’s not data centers

Over the past few months, Americans have looked aghast at their rising electricity bills — in New Jersey, for example, prices have risen 19 percent just in the last year — and found one clear scapegoat: data centers. As these energy-sucking operations proliferate, the thinking goes, they require more and more electricity, pushing prices up for everyone from big companies to small households.

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