I'm confused as to why they've allowed the data center power drain (which they knew was going to happen) to cascade into consumer power prices. Surely they should be charging consumers their existing price and charging the data centers an increased price based on their massive usage.
Without some sort of mitigation, the costs keep rising and it'll drive families away from these cities and/or counties to avoid the cost hikes. This is akin to what we're seeing in a lot of major cities with rent, people are living further and further away from where they work, paying taxes in other forms (time, public transport costs, gas costs for their car inc. wear & tear, etc).
Hardly seems fair or right.
You're confused why neoliberals want to give out more corporate welfare over helping citizens material needs?
This is literally what they believe in. This is what they have been doing for nearly 50 years. It's the entire purpose of neoliberalism: corporations are more important than citizens.
This is just what happens with a demand shock in any context.