#electricity-costs

#electricity-costs

"A lot of this infrastructure, billions of dollars of it, is being built just for a few customers and a few facilities and these happen to be the wealthiest companies in the world," said Ari Peskoe, who directs the Electricity Law Initiative at Harvard University. "I think some of the fundamental assumptions behind all this just kind of breaks down."

The new strategy's emphasis on reducing high electricity costs for UK industry marks a significant shift, but it still largely resembles a sketch rather than a fully developed plan.

"As utilities race to meet skyrocketing demand from AI and cloud computing, they're building new infrastructure and raising rates, often without transparency or public input."