While psychological research has long shown that adolescence is a period of major cognitive and affective transition, recent neurophysiological research has shown that adolescence is also accompanied by observable maturational changes in the brain, both in terms of structure and neurotransmitter function. Given this situation, we would expect that there should be observable and perhaps major changes in electrocortical activity and responses. In this review, we discuss developmental reductions in EEG power and alterations in the dominant band of EEG oscillation frequency, moderated by developmental factors such as growth-related changes in grey and white matter, and in the developmental history of cognitive and sociocultural stressors. Similarly, we summarize alterations in event-related potential components reflecting stimulus processing, response monitoring, and response anticipation. We review the literature on such changes in EEG and event-related potentials during the adolescent period and summarize some of the new developments in the field as well as interpretative difficulties. (Contains 1 table and 6 figures.)