No, it's not. Regulations making building new power plants, especially renewables, and extra especially nuclear, in addition to making power lines difficult to build, are to blame. Yes, in an environment where power availability is ~fixed on short-to-medium time scales, adding a new large demand will increase prices.
But a fixed supply is a policy choice, and is not the fault of AI companies.
No, it's not. Regulations making building new power plants, especially renewables, and extra especially nuclear, in addition to making power lines difficult to build, are to blame. Yes, in an environment where power availability is ~fixed on short-to-medium time scales, adding a new large demand will increase prices.
But a fixed supply is a policy choice, and is not the fault of AI companies.
"Yes, in an environment where power availability is ~fixed on short-to-medium time scales, adding a new large demand will increase prices."
You just nullified your own point.
Regulators have also allowed consolidation, and that allows companies to reduce competition. See Exelon reducing competition to charge a higher price.
Especially if you're in the east coast