Data center boom across Europe could well lead to higher electricity prices, report warns

Report warns Europe's data center push ultimately means the sector will need more electricity

Data centers only pay for their direct upgrades – not broader grid upgrades

Government intervention is likely needed to protect billpayers

New Moody's data has warned that Europe's growing data center footprint could severely impact energy prices across the continent as we're already seeing in the US.

As of 2025, Europe's data center-related electricity consumption stood at around 2.5% of the entire continent's consumption, however within…