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Atlantic Council 2025 Global Energy Forum
Subject:Oil & gas markets in the era of energy dominance
Presented by:Stephen Nalley
Presented to: Atlantic Council
Washington, DC—June 18, 2025

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February 2, 2026 Today in Energy ›

U.S. wholesale day-ahead electricity prices rose in 2025 with higher natural gas prices ›

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

hourly electricity trade between ISO-NE and Hydro-Quebec in Canada

Data source: U.S. Energy Information Administration estimates, based on Hitachi Velocity Suite


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