Wire · operational-macro
AI continues to pressure power prices
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Fusion42 · 16 July 2026 · Fusion42 review
AI data centre demand has pushed capacity auction prices in the US's largest power grid (PJM) to $325/MWday, with data centres accounting for roughly $6.3bn of $16.4bn in total ratepayer costs. New York has imposed the first statewide moratorium on large-scale data centre construction in response to spiralling utility rates and public pushback.
This Wire brief sits within Fusion42's coverage of AI Infrastructure and Cloud Infrastructure.
◆ ◆ The Wire takeaway
If you're building an AI data centre in the PJM region (13 states, 67 million people), your power costs just got locked in at regulatory ceiling — but New York's moratorium signals states are now willing to ban you rather than absorb the bill. Site your next facility outside regulated grids or expect permitting wars.
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1 source · 16 Jul 2026
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