Utility Dive•about 1 month ago
Electricity prices to continue rise in 2026: EIA
Key Takeaway
Rising electricity prices, fueled by data center growth in regions like ERCOT, signal increased costs for large power consumers and potential development opportunities for new generation.
AI Summary
- •The U.S. Energy Information Administration (EIA) projects continued increases in electricity prices through 2026.
- •Overall electricity demand is on the rise, contributing to price pressures.
- •A significant portion of this increased demand is concentrated in Texas, driven by the proliferation of data centers and cryptocurrency mining facilities.
- •Large power consumers should anticipate higher electricity costs, while developers may find opportunities for new generation capacity, especially in high-growth regions like ERCOT.
Topics
datacenterercot