Earlier quoted context omitted.
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We haven't had "the beginning of AGI" and there is no reason cheaper electricity would "destabilize society".
Our society is build on a foundation of relatively cheap energy. Massive amounts of energy are built into the production of every item of food that reaches your fridge or item that reaches your closet. The unleashing of stored energy was the dawn of the Industrial Revolution.
If energy became 1000 or 1 million times cheaper, it would transform society. Global warming would be solved. Food would be solved. Water would be solved. Equal access to all materials goods would be solved. I’d personally be living in a Dr. Evil base on top of an alpine glacier that I myself re-froze. That or a floating city over the South Pacific.