Data centres could pay hundreds of millions in deposits for power demands

Data centres may be required to pay significant deposits for their power demands, with proposed fees ranging from £237,500 to £712,500 per megawatt for upcoming projects. The regulator's suggestion aims to manage the high energy requirements of these facilities. This move could result in data centres paying hundreds of millions of pounds in deposits. The fees are intended to ensure that data centres can meet their power needs without straining the energy grid.

✦ AI-generated summary