In its latest conference call, Vistra Energy Corp. (VST) made it clear that the surge in data center demand will have a substantial impact on the supply and demand dynamics of the electricity market, which is expected to become truly evident only in late 2027 or early 2028.

This timeline is later than some market participants had expected, reflecting a significant lag between the expansion of power infrastructure and the growth in data center load. The company emphasized that although the trend of increasing electricity demand driven by artificial intelligence and cloud computing is clear, factors such as existing grid capacity, transmission constraints, and the grid connection cycle of new power generation projects will delay the formation of a tight supply-demand situation.