AI boom is making your utility bills more expensive, says BofA, and they’re likely to keep going up

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AI boom is making your utility bills more expensive, says BofA, and they’re likely to keep going up

fortune.com/2025/10/23/ai-boom-utility-impact-consumers-bank-america-institute

Bank of America economist David Tinsley warns that consumers are indirectly footing part of the bill for the AI boom through higher utility costs. Average utility payments rose 3.6% year-on-year in Q3 2025, with Tinsley linking the increase to soaring electricity demand from data centers…

This story appeared on fortune.com, 2025-10-23 15:41:03.