July 28, 2025 • 5 mins
There could be an increase in your electric bills soon because of the new Ai explosion. Rory explains how to prep for it. Trump's tariffs are scheduled to start this Friday with no extensions, what could we look out for?
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
We all know that we're in the middle of an
artificial intelligence explosion. Hundreds of billions of dollars are being
put into centers out in Arizona, in Pittsburgh. A lot
is being invested in all of this, and soon it's
already started. But its AI is going to be everywhere.
(00:24):
Now think about that for a second, because AI takes
a lot of electricity. Where's all the electricity going to
come from. Let's talk to Rory O'Neil wor national correspondent.
He's with us every day at this time. Well, AI
is going to suck up a lot of electricity. What
are the ramifications of that.
Speaker 2 (00:45):
Well, Look, a lot of the power companies are trying
to deal with this as they are building data centers everywhere. Look,
some of them are being built with power plants attached.
They have fields of solar panels or wind turbines they
are on site in order to offset their demand for electricity.
I saw there's one that's actually using old batteries from
(01:07):
Tesla's to store power. That's one of the way they're
reusing those car batteries. But overall, it's essentially causing a
big drain on the grid and to make up for it.
The utility has to essentially order in more power from
neighboring suppliers, and that increases the price of electricity for everyone.
Some states are seeing their electric kilo WoT hours go
(01:28):
up ten twelve, fourteen percent year over year, and that
means it's going to cost you fifteen twenty twenty five
bucks more a month to power your home. And a
lot of people are saying, wait, why am I being
two hundred and fifty dollars a year more in electric
to support some of the most profitable companies on the
planet like Google and Meta and Facebook and Amazon.
Speaker 1 (01:49):
Yeah, and that's a great question. But we're also at
the infancy of AI. I mean it is going there's
going to be a bigger explosion of AI. And these
centers are still being built that I was just talking about,
and they're enormous. So what we're seeing now that ten
or fifteen dollars on our electric bill, is that expected
(02:10):
to go up higher?
Speaker 2 (02:11):
Yeah? That could be child's players. I'm looking now. Killowatt
costs in New York State are up eleven point seventy
five percent year over year. I can't necessarily blame that
on the AI expansion in some states, they can have
the data that does show that, but that's just costing
consumers more and more for their electric bills, especially this
week as we're flirting of one hundred degrees and we've
(02:33):
all got the AC if we have it cranked to
the max, and it's going to impact our power bills anyway.
So we're hoping that there's some sort of development in
AI that also makes it cheaper to produce or to
generate this artificial intelligence without the need for so much electricity.
But that's going to require some sort of a technological breakthrough,
(02:55):
and we're not there.
Speaker 1 (02:56):
Well, yeah, I was going to say, you said we're hoping,
are we anywhere close to that right now? Or you
mentioned solar panels, which was fascinating. Will alternative energy sources
provide enough electricity for AI.
Speaker 2 (03:10):
Well, in some places, you know, you have to offset
the cost of the real estate because those do who
take up a lot of space. You know, we saw
I don't know if you saw President Trump's press conference yesterday.
He was railing against windmills extensively in front of the
head of the EU at are in Scotland. So it
doesn't sound like wind power is going to be coming
online much more across the US anytime soon. So yes,
(03:33):
there are some renewable sources that could be out there.
But again it's this is just increasing so significantly, so
rapidly that it just seems that for now it's just
going to cause more of a strain on an already
spotty electrical grid.
Speaker 1 (03:48):
I love that he keeps saying wind mills like he's
in some Dutch classic drama. They're wind turbines. These the
wind mills do something completely different. But man, who's going
to tell.
Speaker 2 (04:01):
Well, how about Jerome Powell? Apparently he doesn't have a
problem telling him right back.
Speaker 1 (04:08):
No, No, Jerome Powell, though he's gonna feel a little
bit silly. I know you're doing the tariffs too. Just
really quickly, we were talking about the deal with the EU.
He said something about three or four other deals we
might have. Do we know what they might possibly be?
Speaker 2 (04:23):
Well, we are starting talks today with China in Stockholm, Sweden.
It's going to be three days of talks there. I
think that was Trump's being Trump when he said those
kinds of things. I think we'll have answers in two weeks,
just as a guess, right.
Speaker 1 (04:36):
And but August first, that's it. No more extensions.
Speaker 2 (04:40):
Exactly, but they no more extensions. But they did say, hey,
look no more extensions, but we're still willing to have
a deal. So maybe there's some you know, we're got
to deal with Paraguay October tenth or something that could
still be in the cards. But they're saying that the
tariffs that we have already established, they will start to
take effect on the first on Friday.
Speaker 1 (04:58):
It's interesting what they've been saying. You may in Paraguay.
I don't think that's one of the big fifteen. They
said that like fifteen to eighteen of the top countries
make up almost ninety eight percent of the trade that
we do, so it sounds like they don't really care
when it gets past that eighteen.
Speaker 2 (05:13):
So Paraguay, right, especially especially when you got the EU, China, Japan,
the rest is all sort of gravy.
Speaker 1 (05:21):
Yeah, UK, thanks a lot. Rory O'Neil wr National correspondent.
It's going to be back tomorrow morning at seven fifty.
Good to talk to you. Rory, coming
We all know that we're in the middle of an
artificial intelligence explosion. Hundreds of billions of dollars are being
put into centers out in Arizona, in Pittsburgh. A lot
is being invested in all of this, and soon it's
already started. But its AI is going to be everywhere.
(00:24):
Now think about that for a second, because AI takes
a lot of electricity. Where's all the electricity going to
come from. Let's talk to Rory O'Neil wor national correspondent.
He's with us every day at this time. Well, AI
is going to suck up a lot of electricity. What
are the ramifications of that.
Speaker 2 (00:45):
Well, Look, a lot of the power companies are trying
to deal with this as they are building data centers everywhere. Look,
some of them are being built with power plants attached.
They have fields of solar panels or wind turbines they
are on site in order to offset their demand for electricity.
I saw there's one that's actually using old batteries from
(01:07):
Tesla's to store power. That's one of the way they're
reusing those car batteries. But overall, it's essentially causing a
big drain on the grid and to make up for it.
The utility has to essentially order in more power from
neighboring suppliers, and that increases the price of electricity for everyone.
Some states are seeing their electric kilo WoT hours go
(01:28):
up ten twelve, fourteen percent year over year, and that
means it's going to cost you fifteen twenty twenty five
bucks more a month to power your home. And a
lot of people are saying, wait, why am I being
two hundred and fifty dollars a year more in electric
to support some of the most profitable companies on the
planet like Google and Meta and Facebook and Amazon.
Speaker 1 (01:49):
Yeah, and that's a great question. But we're also at
the infancy of AI. I mean it is going there's
going to be a bigger explosion of AI. And these
centers are still being built that I was just talking about,
and they're enormous. So what we're seeing now that ten
or fifteen dollars on our electric bill, is that expected
(02:10):
to go up higher?
Speaker 2 (02:11):
Yeah? That could be child's players. I'm looking now. Killowatt
costs in New York State are up eleven point seventy
five percent year over year. I can't necessarily blame that
on the AI expansion in some states, they can have
the data that does show that, but that's just costing
consumers more and more for their electric bills, especially this
week as we're flirting of one hundred degrees and we've
(02:33):
all got the AC if we have it cranked to
the max, and it's going to impact our power bills anyway.
So we're hoping that there's some sort of development in
AI that also makes it cheaper to produce or to
generate this artificial intelligence without the need for so much electricity.
But that's going to require some sort of a technological breakthrough,
(02:55):
and we're not there.
Speaker 1 (02:56):
Well, yeah, I was going to say, you said we're hoping,
are we anywhere close to that right now? Or you
mentioned solar panels, which was fascinating. Will alternative energy sources
provide enough electricity for AI.
Speaker 2 (03:10):
Well, in some places, you know, you have to offset
the cost of the real estate because those do who
take up a lot of space. You know, we saw
I don't know if you saw President Trump's press conference yesterday.
He was railing against windmills extensively in front of the
head of the EU at are in Scotland. So it
doesn't sound like wind power is going to be coming
online much more across the US anytime soon. So yes,
(03:33):
there are some renewable sources that could be out there.
But again it's this is just increasing so significantly, so
rapidly that it just seems that for now it's just
going to cause more of a strain on an already
spotty electrical grid.
Speaker 1 (03:48):
I love that he keeps saying wind mills like he's
in some Dutch classic drama. They're wind turbines. These the
wind mills do something completely different. But man, who's going
to tell.
Speaker 2 (04:01):
Well, how about Jerome Powell? Apparently he doesn't have a
problem telling him right back.
Speaker 1 (04:08):
No, No, Jerome Powell, though he's gonna feel a little
bit silly. I know you're doing the tariffs too. Just
really quickly, we were talking about the deal with the EU.
He said something about three or four other deals we
might have. Do we know what they might possibly be?
Speaker 2 (04:23):
Well, we are starting talks today with China in Stockholm, Sweden.
It's going to be three days of talks there. I
think that was Trump's being Trump when he said those
kinds of things. I think we'll have answers in two weeks,
just as a guess, right.
Speaker 1 (04:36):
And but August first, that's it. No more extensions.
Speaker 2 (04:40):
Exactly, but they no more extensions. But they did say, hey,
look no more extensions, but we're still willing to have
a deal. So maybe there's some you know, we're got
to deal with Paraguay October tenth or something that could
still be in the cards. But they're saying that the
tariffs that we have already established, they will start to
take effect on the first on Friday.
Speaker 1 (04:58):
It's interesting what they've been saying. You may in Paraguay.
I don't think that's one of the big fifteen. They
said that like fifteen to eighteen of the top countries
make up almost ninety eight percent of the trade that
we do, so it sounds like they don't really care
when it gets past that eighteen.
Speaker 2 (05:13):
So Paraguay, right, especially especially when you got the EU, China, Japan,
the rest is all sort of gravy.
Speaker 1 (05:21):
Yeah, UK, thanks a lot. Rory O'Neil wr National correspondent.
It's going to be back tomorrow morning at seven fifty.
Good to talk to you. Rory, coming
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