Steven Rose, principal analysis economist on the Electrical Energy Analysis Institute, sat down for a video interview at Nareit’s REITwise: 2026 Instructional Convention in Hollywood, Florida, March 24-26.
Rose highlighted a central paradox going through actual property homeowners: whereas some power prices like photo voltaic, wind, and pure fuel are trending downward, general uncertainty is rising. Key dangers embrace risky gasoline costs, shifting power insurance policies, provide chain and allowing constraints, and quickly rising demand from information facilities and AI.
Rose emphasised that “uncertainty is rising… and that’s one thing necessary to be enthusiastic about as we’re attempting to plan for the longer term.” He additionally pointed to decarbonization insurance policies and unclear regulatory paths as main unknowns that would considerably influence long-term prices.
To handle these dangers, he really useful treating investments in electrification, resilience, and on-site technology as danger administration methods. Situation evaluation is essential to establish sturdy methods that carry out properly throughout a number of attainable futures.
Trying forward, Rose mentioned he expects continued power demand progress, ongoing effectivity enhancements, declining know-how prices, and more and more unpredictable local weather patterns. He suggested REITs to concentrate on whole power expenditures—not simply costs—whereas participating utilities, planning contingencies, and educating stakeholders. “Don’t get too centered on costs alone… take into consideration the general price of power.”
