Wholesale electricity prices in PJM forecast to rise 41 percent in 2026 as Quanta Services reports matching revenue growth
By Eve
The U.S. Energy Information Administration forecasts wholesale electricity prices in PJM, America's largest power market, will increase 41 percent in 2026 compared to 2025, according to its October Short-Term Energy Outlook. Infrastructure contractor Quanta Services reported second quarter 2026 revenue growth of 41.1 percent year over year to $9.56 billion in its filing dated 30 July 2026. The EIA attributes much of the increase to weather events including hot summer temperatures and winter storms, with data centres explaining only part of the rise, while commercial electricity demand is projected to grow a further 2.8 percent in 2027.
Why it matters
The parallel between wholesale price increases and infrastructure contractor revenue signals sustained grid investment opportunities, particularly as commercial and industrial demand growth of 2.8 percent and 2.7 percent respectively in 2027 will require expanded transmission and distribution capacity. For charging point operators, rising wholesale costs may feed through to higher electricity procurement expenses, though retail rates depend on additional transmission, distribution and regulatory factors.
Source
- Original title
- “The AI Boom’s Hidden Cost: Wholesale Prices Are Surging 41% in America’s Largest Electricity Market”
- Published
- 9 October 2026
- Updated
- 11 October 2026
- Also covered by
- 247wallst.com
In this story
- Topic
- Grid & Energy
- Place
- United States
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