Search results for Energy Information Administration
AI & Enterprise
U.S. House to vote on bill to curb AI data center-driven power bill hikes
The U.S. House of Representatives is moving to process legislation that would require operators of large AI data centers to bear the cost of new grid and transmission infrastructure linked to their rising power use. The bipartisan Ratepayer Protection Act would also allow states to adopt rules preventing those costs from being passed on to households and small businesses. The bill comes as U.S. electricity demand is forecast to rise through 2027.
Crypto
Bitcoin rebound driven by whales and ETFs; $69,000 is pivotal
Bitcoin continues trading below $69,000, a level seen as the average cost basis for short-term holders, with the U.S. Federal Reserve decision on July 29 set to test whether the rebound can last. The rally has relied mainly on spot bitcoin ETF inflows and buying by large wallets holding 1,000 to 10,000 bitcoin. Rising oil prices and U.S. Treasury yields are capping gains, while $63,000 is highlighted as key support.
Crypto
Bitcoin miners face U.S. grid test as power demand rises, flexibility proof key by 2027
As U.S. electricity demand climbs through 2027, bitcoin mining firms are being tested on whether they can act as flexible loads that reduce consumption when supply is tight, rather than simply large users of power. The U.S. Energy Information Administration forecasts consumption rising from 4.195 trillion kWh in 2025 to 4.399 trillion kWh in 2027, driven by AI data centres, crypto operations and electrification. Texas grid operator ERCOT runs voluntary curtailment deals, but flexibility can weaken when mining profitability rises.
