Weekly Power Markets Report: November 8-14, 2025

Across North America, real-time system operations from November 8–14, 2025, were generally stable, with mild to early-winter weather leading to moderate loads and mostly subdued price volatility. ERCOT was the main exception, entering the week after a record November peak, while SPP and MISO benefited from strong wind output and ample reserve margins. Meanwhile, nearly every region advanced structural reforms—such as new transmission projects, capacity-market updates, or wholesale market redesigns—aimed at strengthening long-term reliability and integrating a rapidly changing resource mix.