Europe levelised cost of electricity 2022 (LCOE): Sensitivity analysis report

Commodity Market Report 10 February 2023

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Report summary

This report provides an analysis and outlook to 2050 for power technology and generation cost trends in Europe. It includes levelised cost of electricity (LCOE) data covering 16 key technologies, including coal, gas combined cycle, carbon capture and storage for coal and gas, gas peaker, gas engine, onshore wind, offshore wind, utility-scale solar (with and without tracker), nuclear, battery storage, solar hybrid (with and without tracker), and distributed solar technologies. This annual power and renewables system costs and LCOE report for Europe provides technology-level analysis for 14 countries: Germany, France, United Kingdom, Italy, Spain, Belgium, Denmark, Finland, Norway, Netherlands, Portugal, Poland, Greece and Sweden. It examines competition between renewable power, fossil fuel power, nuclear power and energy storage in each country and highlights critical inflexion points in the cost trajectory.