Section 1 Short title
This Act may be cited as the “Preventing Rate Inflation in Consumer Energy Act” or the “PRICE Act”.
Preventing Rate Inflation in Consumer Energy Act
A BILL
To require data centers to generate electricity, and for other purposes.
Sec. 2 Requirement for data centers to generate electricity
Requirement— Each data center located in the United States shall generate all of the electricity the data center consumes each year.
Use of clean energy sources—
75 percent— During the period beginning on January 1, 2035, and ending on the date described in paragraph (2), not less than 75 percent of the electricity generated by a data center for purposes of subsection (a) shall be from a clean energy source.
100 percent— Beginning on January 1, 2040, 100 percent of the electricity generated by a data center for purposes of subsection (a) shall be from a clean energy source.
Enforcement—
Civil penalty— Any data center that violates any provision of this section shall be subject to a civil penalty of not more than $100,000 per day until the violation is rectified.
Establishment of administrative process— Not later than 30 days after the date of enactment of this Act, the Secretary of Energy shall establish an administrative process for the issuance of civil penalties for violations of this section.
Definitions— In this section:
Clean energy source— The term clean energy source includes a solar, wind, battery, green hydrogen, hydropower, and geothermal source.
Data center— The term data center means a facility that—
is described in section 453(a)(1) of the Energy Independence and Security Act of 2007 (42 U.S.C. 17112(a)(1)); and
consumes at least 50 megawatts each day.