The Year the Humble Electron Becomes Politicized
Capacity prices overlaid on top of data centers sitting astride the U.S. | Illustrated by Perplexity
Dec 29, 2025
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The defining story of the coming year will be the widening chasm between electricity supply and demand, a dynamic driven by a slow-moving supply side, coupled with the explosive growth of energy-hungry data centers, says columnist Peter Kelly-Detwiler.
