| Subject: | EIA, forecasts, energy markets |
| Presented by: | Stephen Nalley, Deputy Administrator |
| Presented to: |
U.S. Senate Committee on Energy and Natural Resources Washington, DC—November 16, 2021 |
Average wholesale day-ahead electricity prices at most major trading hubs in the Lower 48 states were higher in 2025 than in 2024, driven largely by higher natural gas prices to electric generators. The largest increase in price was $29 per megawatthour (MWh) in New England’s Independent System Operator (ISO-NE), and the largest decrease was $14/MWh in the upper Northwest’s Mid-Columbia. More ›
Data source: U.S. Energy Information Administration estimates, based on Hitachi Velocity Suite