Are consumers doomed to pay more for electricity due to data center buildouts?

Here's something that might surprise you — Big Tech is planning to build its own power plants for data centers, aiming to shield consumers from rising electricity prices. ((slower)) Martha Muir, writing in the Financial Times, reports that at a White House event, giants like Amazon, Google, and Microsoft signed a pledge to generate their own power instead of relying on the grid. Now, here's where it gets interesting — President Trump recently promised that this move wouldn't cause higher prices for everyday folks. But the truth is, building these power plants isn't simple. Martha points out that the logistical hurdles are huge, and there's no guarantee prices won’t still go up. So what does this actually mean for you? Well, while the idea sounds good in theory, the reality might be more complicated — costs could still shift, and the impact on your bills isn’t clear yet. Keep an eye on how these big plans unfold, because they could reshape the energy landscape in unpredictable ways.