electricity prices

“And remember, for a lot of the announced projects in the country, they're talking about 30 to 34 dollars a megawatt hour for the power, right? They're not talking about 12 dollars a megawatt hour for the power.”

“For those that know, at certain times of the day, at certain months of the year we are generating more electricity Than we are using, and prices go negative. You're actually being, being paid to take electricity at certain times of the day.”

“But I could tell you, I think over the next three years, you know, electricity prices are probably going up, not down.”

“And understanding the multiple factors that drive failure of new transmission, I think, is key to understanding why power is, in my opinion, The rate limiter to AI growth, and why upward pressure on electricity prices will probably sustain for a while.”

“Electricity prices did not go up for a hundred years as we massively expanded the grid.”

“At the local level, data centers seem to on balance, probably decrease electricity prices currently. And at the macro level, they are definitely a factor contributing to an increase in electricity prices.”