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.
Captialism is really good at efficiency. But it is not so good at allocation, specifically for essential goods, and that's the problem here.
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.