Having it increase the cost of electricity only makes sense if you see it as part of the electricity production process. Otherwise it just increases the energy

Having it increase the cost of electricity only makes sense if you see it as part of the electricity production process. Otherwise it just increases the energy demand of the process, this makes the process more expensive, not energy. Perhaps it could drive up energy prices if it ended up being an immensely profitable use of energy, but that doesn't seem to be the case.