Some of us call this "capitalism". Prices are driven by offer and demand, efficient market allocation to who can extract most value from a resource, we like that on HN.
How do you define what is an essential good here? For electricity I would place most residential usage near the bottom in priority and definitely below a datacenter. People complaining about facing a tradeoff between setting the thermostat a couple degrees higher this summer or facing a higher power bill just doesn't get much sympathy from me.