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Market Chatter: Trump Set to Unveil Expanded Power Cost Pledge to Shield Ratepayers Amid AI Boom

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US president Donald Trump is set to unveil an expanded utility pledge on Thursday to ensure data center developers pay above-market electricity rates, shielding households from AI-driven price spikes, Reuters reported Wednesday.

The nonbinding initiative extends his original March pledge to cover 80% of all power delivered to US homes and businesses, as per the report.

Protecting customers remains a significant challenge as regional electric grids face severe strain, highlighted by transmission congestion surging to $3.2 billion in 2025 within the PJM Interconnection and record-breaking power auction prices, the report noted.

None of the parties involved responded immediately to' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Trump Set to Unveil Expanded Power Cost Pledge to Shield Ratepayers Amid AI Boom | FINWIRES