2026美国零售费率趋势.pdfVIP

RetailratetrendsintheUS

February2,2026

RetailratetrendsintheUSCharlesRiverAssociates

Tableofcontents

Executivesummary3

1.Introduction6

1.1Summaryofconclusions7

2.Ratetrends:Nationalaverages,long-termtrends,andtheimportanceof

geography9

2.1Disparatestatetrends11

3.Financialanalysis:Understandingwhytherateswentupwheretherates

wentup14

3.1Northeast14

3.2California16

4.Datacenters:Focusoncustomerprotections19

4.1Datacentertariffsprotectexistingcustomers19

4.2PJMStates21

5.Conclusionsandrecommendations22

February2,2026Page2

RetailratetrendsintheUSCharlesRiverAssociates

Executivesummary

ThisnewanalysisconductedbyexpertsfromCharlesRiverAssociatesfindsthatsomecurrently

prevalentnarrativesaboutrisingelectricratesareincompleteandpotentiallymisleading.A

widelyreportedincreaseinaverageretailratesintheUShasbeeninterpretedasindicativeofa

broader,nationaltrend.Thisisnotthecase.Rather,inafewstatesandregions,rateshave

increasedrapidly,puttingupwardpressureonthenationalaverage.Retailelectricrateshave

generallybeenstableinotherregions.

Whererateshavegoneup,theincreasesweredrivenbyspecific,localizedfactorsthat

increasedutilities’operatingcosts,causingratestorise.Thosefactorsdifferedbylocationand

arecausedbychangesinmarkets,policies,andothercircumstancesbeyondutilities’