Today in Energy

The United States is on track to export a record amount of fuel ethanol for the second year in a row in 2025, driven by growing international demand. This growing market for exports is supporting increased U.S. fuel ethanol production, even as domestic consumption stagnates.

Since 2021, electricity demand within the Texas electricity grid operated by the Electric Reliability Council of Texas (ERCOT) has steadily increased. In the first nine months of 2025, electricity demand in ERCOT, which manages about 90% of the state's load, reached a record high compared with the same period in previous years. Over those same months, ERCOT had the fastest electricity demand growth among U.S. electricity grids between 2024 and 2025. From January through September 2025, demand for electric power in ERCOT increased 5% compared with the same period in 2024 to 372 terawatthours (TWh), 23% more than the same months in 2021. Since 2023, wind and solar generation, especially utility-scale solar, have been the fastest-growing sources of electricity in ERCOT and are increasingly meeting rising demand.

U.S. natural gas pipeline exports to Mexico averaged 7.5 billion cubic feet per day (Bcf/d) in May 2025, the most of any month on record as Mexico's demand for natural gas, particularly in the electric power sector, increases. On an annual basis, U.S. natural gas pipeline exports to Mexico averaged 6.4 Bcf/d in 2024, a 25% increase compared with 2019 and the highest on record in data going back as early as 1975.

Liquefied natural gas (LNG) exporters in the United States have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) between 2025 and 2029, according to our Liquefaction Capacity File and trade press reports. The United States is already the largest exporter in the world with 15.4 Bcf/d of capacity.

We expect energy expenditures this winter will vary based on a home's main space heating fuel: homes heating with natural gas will pay about the same amount for natural gas as they did last winter, but homes heating with electricity will pay more than they did last winter. Homes heating with propane or heating oil will pay less than they did last winter.