A method, system, and computer usable program product for power distribution considering cooling nodes in a data processing environment. A power demand of a data processing environment is determined for a period. The data processing environment includes a set of computing nodes and cooling nodes. A determination is made that the power demand will exceed a limit on electrical power available to the data processing environment for the period if the computing nodes and the cooling nodes in the data processing environment are operated in a first configuration. A first amount of power is redistributed from a cooling node in the data processing environment to a computing node in the data processing environment such that a temperature related performance threshold of a subset of computing nodes is at least met.