Trump claims deal on data centers will lower electricity prices as tech companies vow to cover costs

President Donald Trump holds up a document while sitting at a desk
President Donald Trump holds up the Ratepayer Protection Pledge after signing it in the Indian Treaty Room of the Eisenhower Executive Office Building on the White House complex, Wednesday, March 4, 2026, in Washington. (AP Photo/Jacquelyn Martin)

President Donald Trump invited technology companies to the White House on Wednesday to commit to developing their own power generation as he tries to ease tensions over the cost of electricity used by data centers to develop artificial intelligence.

“They need some PR help because people think that if a data center goes in there, electricity prices are going to go up,” Trump said. “It’s not going to happen.”

The “ratepayer protection” pledge touted by the president comes as affordability has become a top concern for an American public wary of the possibility that the AI build out could lead to higher utility bills. Trump first announced the pledge during his State of the Union address last month, but provided few details