No, they go down, obviously if you think about it. Having a huge volume consumer nearby amortizes away the fixed costs of the grid, which are massive.
https://ars.els-cdn.com/content/image/1-s2.0-S10406190250006...
Except,
https://www.bloomberg.com/graphics/2025-ai-data-centers-elec...
> Wholesale electricity costs as much as 267% more than it did five years ago in areas near data centers. That’s being passed on to customers.
What fixed costs of the grid? In Northern Virginia, we’re constantly adding substations and transmission lines because the grid isn’t a fixed cost when you’re building data centers constantly; it quickly becomes a variable cost.