The CEO of ComEd is advocating for the implementation of new regulations to control the potential impact of the artificial intelligence boom on consumer electricity bills. The surge in AI development is expected to significantly increase power demand, particularly from data centres, potentially leading to higher costs for consumers. ComEd has witnessed a substantial rise in demand, with data centre projects underway that could increase electricity demand in the Chicago region by up to 900%.
To address these concerns, ComEd is seeking to discourage speculative projects by increasing deposit requirements for large projects. The utility has proposed a base deposit of $1 million for the first 50 megawatts, plus $500,000 for each additional 100 megawatts. This measure aims to ensure that only serious projects proceed, preventing unnecessary strain on resources and infrastructure.
The rise in electricity prices is not only affecting residential customers but also businesses, with some regions facing record costs to ensure electricity supplies. As AI continues to advance, the balance between technological progress and affordable energy remains a key challenge for both utility companies and policymakers.
