Bipartisan bill fails to protect US consumers from datacenters’ true costs, critics warn
By
Tom Perkins
2h ago
Source
The GuardianBipartisan bill fails to protect US consumers from datacenters’ true costs, critics warntheguardian.comExperts say Ratepayer Protection Act ‘posing as a consumer protection measure’ and will raise prices on working people The bipartisan Ratepayer Protection Act , designed to shield individuals from soaring electricity prices amid the datacenter boom, would fail to meaningfully protect the public from the centers’ true costs, consumer advocates warn. The bill, backed by some in big tech such as Microsoft, moved through a House subcommittee in mid-June, and a vote in full committee scheduled for 1 July was delayed. Its measures are largely voluntary, meaning the state utility commissions that set electric rates can ignore the law altogether. Continue reading...
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