The article discusses the potential impact of artificial intelligence (AI) on reducing electricity demand and utility bills. According to a report by Singularity Energy, AI-powered energy management systems could help cut power grid demand by up to 10% by 2024. These systems use machine learning algorithms to optimize energy usage in buildings and homes, leading to significant cost savings. The report estimates that AI could save households up to $200 annually on utility bills and reduce commercial building energy costs by 25%. Additionally, AI-driven demand response programs could help utilities better manage peak demand periods, reducing the need for costly infrastructure upgrades. The adoption of electric vehicles (EVs) is expected to increase electricity demand, making AI-powered energy management even more crucial. The report highlights that AI could play a vital role in enabling a more sustainable and cost-effective energy future.