European datacenter boom threatens higher energy bills unless governments intervene

Datacenters are forecast to consume a growing share of Europe's electricity by 2035, potentially pushing up consumer prices and prompting governments to impose price caps or restrictions on bit barns, according to Moody's. The credit rating agency is keeping tabs on the financial implications for datacenter operators and electricity networks. It predicts that while power consumption by server farms is relatively modest today, these facilities are set to become major drivers of electricity demand