November 2025 Electricity Market Review - Leading Edge Energy
December 2025 saw electricity spot prices fall sharply across the NEM, with futures markets continuing to unwind summer risk premiums.
leadingedgeenergy.com.auHere are the latest high-level signals on electricity pricing, based on recent publicly available reporting:
North America (US): Several regional markets have reported fluctuations tied to capacity auctions, fuel costs, and regulatory changes. In particular, capacity charges in parts of the PJM region have been cited as contributing to higher bills in recent auctions, with commentary noting rising overall electricity costs in several states served by PJM. This trend has coincided with ongoing debates over how capacity and energy costs are recovered in retail tariffs.[1]
India: Reports in early 2025 highlighted ongoing tariff discussions and adjustments in major metros, with some cities considering time-of-day pricing and tariff revisions to reflect changing generation and procurement costs. Notably, there were policy discussions and media coverage about how tariff adjustments affect domestic bill baselines and affordability in urban centers.[2]
Europe and other markets: Several sources indicate a broader pattern of tightening wholesale electricity prices or price volatility depending on regional supply/demand dynamics, fuel prices, and grid constraints. For example, some European markets have seen fluctuations in wholesale prices and discussions around mechanisms to unwind or manage risk premiums in futures markets.[6][8]
Global outlook notes: Industry analyses and market reviews around late 2025 and early 2026 pointed to:
What this could mean for you in Santa Clara, CA:
Would you like me to pull the most recent local updates for Santa Clara or California-wide rate design changes, and summarize them with dates and expected bill impacts? I can also compare recent patterns in PJM-like capacity-cost pressures to California’s market dynamics if that would help.
Note: The above reflects recent publicly reported trends and does not constitute financial advice. If you want precise figures or projections, I can fetch current articles and regulatory filings and extract the exact numbers.
December 2025 saw electricity spot prices fall sharply across the NEM, with futures markets continuing to unwind summer risk premiums.
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www.argusmedia.comElectricity bills are set to increase once more following the latest PJM Capacity Auction for 2026, which showed a 22% jump in capacity charges. This adds to the steady rise in electricity costs across the 13 state PJM region—including New Jersey, Pennsylvania, Maryland, Washington DC, Ohio, Indiana, and Illinois—where rates have already nearly doubled since 2020. In July 2024, PJM held its Base Residual Auction (BRA) for the year 2025/2026, revealing a dramatic surge in capacity prices—9 to...
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