That depends on how much energy is required. It does mean that settlements in places like the Yukon and Northern Alaska are now much more interesting.
Pack the far north with SMRs, use the electricity to power CO2 capture farms and make starch, and the waste heat can heat homes. Northern Alberta never looked so good.
I think energy is going to get a lot cheaper in the coming years. Especially at times when renewables are overproducing.