Market Report
North America levelised cost of electricity (LCOE) 2025
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Report summary
This report presents our latest comprehensive analysis on the evolving levelised cost of electricity (LCOE) landscape across North America, delivering detailed cost projections through 2060 under low, base case, and high scenarios. Our research provides strategic commentary on the competitive positioning of 37 power generation technologies, rigorously assessing their commercial viability and investment potential across each market. This year's update includes additional depth for emerging geothermal technologies as well as additional sensitives for gas turbine technologies that leverage hydrogen blends. The North America LCOE report is one of five regional reports published annually to capture the evolving dynamics across all global markets we cover. It forms part of Wood Mackenzie’s comprehensive global LCOE analysis, offering insights into Asia Pacific, North America, Europe, the Middle East, Africa and Latin America.
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