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Power Demand Soars: AI, Crypto, and Renewables Drive Change

1/14/2026

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Story summary
  • The Energy Information Administration (EIA) forecasts power use will rise to 4,256 billion kWh in 2026 and 4,364 billion kWh in 2027.
  • The rise is driven by data centers' demand for artificial intelligence and cryptocurrency, and by electricity use at home and in business.
  • Residential power sales are forecast to total 1,519 billion kWh in 2026.
  • Renewables’ share rises to 28% by 2027 as natural gas and coal decline.