US Electricity Prices Are ‘Skyrocketing,’ Says Kobeissi Letter as AI Boom Drives Demand, Marjorie Taylor Greene Questions AI Companies’ Promises of Thousands in ‘Free’ Monthly Payments

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Market commentator The Kobeissi Letter said U.S. electricity prices are "skyrocketing," with the average residential price up 11% since January 2025 to 19.6 cents per kilowatt-hour in August 2026, near an all-time high. The Kobeissi Letter made the remarks in a post on X, linking the rise to the AI boom. Former Rep. Marjorie Taylor Greene separately posted on X that "AI companies are claiming they are going to pay Americans thousands for free every month." Don't Miss: Think Your 'Safe' Stocks Protect You? You're Ignoring the Real Growth Triggers —Here's What to Add Now Caught With Nothing Saved for Retirement?