https://solarexaminer.com/tags/steo/Recent content in STEO on Solar ExaminerHugoen-usSolar ExaminerWed, 07 Oct 2026 00:00:00 +0000https://solarexaminer.com/posts/eia-october-2026-electricity-price-forecast/Wed, 07 Oct 2026 00:00:00 +0000https://solarexaminer.com/posts/eia-october-2026-electricity-price-forecast/<p>The U.S. Energy Information Administration (EIA) released its October Short-Term Energy Outlook on October 6, 2026. It keeps the 2026 forecast for the average U.S. residential electricity price at 18.2 cents per kilowatt-hour (kWh) and raises the 2027 forecast to 18.7 cents.</p> <h2 id="the-numbers">The Numbers</h2> <table> <thead> <tr> <th>Year</th> <th>Average residential price</th> <th>Change from prior year</th> <th>Cost of 1,000 kWh</th> </tr> </thead> <tbody> <tr> <td>2024 (actual)</td> <td>16.5¢/kWh</td> <td></td> <td>$165</td> </tr> <tr> <td>2025 (actual)</td> <td>17.3¢/kWh</td> <td>+4.8%</td> <td>$173</td> </tr> <tr> <td>2026 (forecast)</td> <td>18.2¢/kWh</td> <td>+5.2%</td> <td>$182</td> </tr> <tr> <td>2027 (forecast)</td> <td>18.7¢/kWh</td> <td>+2.7%</td> <td>$187</td> </tr> </tbody> </table> <p><strong>Formulas:</strong> percent change = (this year − prior year) ÷ prior year. Cost of 1,000 kWh = price in cents × 1,000 ÷ 100. The percentages and dollar figures are our calculations from EIA&rsquo;s prices.</p>