As of November 12, 2025, the Energy Information Administration (EIA) said in its latest short-term energy outlook that overall US wholesale electricity prices are expected to continue rising next year in 2026. [1] The forecast of the load-weighted average of the 11 regional wholesale prices is $47/MWh in 2025, which is 23% higher than the 2024 average. It is expected to reach $51/MWh in 2026, another 8.5% increase. The main driver of the wholesale prices next year is a predicted 45% increase at the Electric Reliability Council of Texas-North pricing hub. The EIA stated that although natural gas prices tend to be the biggest determinant of power prices, the increase in power prices in ERCOT in the coming year reflect large hourly spikes in summer months from high demand and low supply in the region. The report states that the increases in Texas and nearby states contribute 34% of the growth in US electricity sales in 2025 and 66% of growth in sales in 2026.