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Market Report

United States levelized cost of electricity (LCOE) 2022

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16 December 2022

United States levelized cost of electricity (LCOE) 2022

Report summary

This annual report provides analysis of power technology and generation cost trends in the United States. It includes levelized cost of electricity (LCOE) data from 2020 to 2050 covering 16 key technologies: coal (with & without carbon capture), gas combined cycle (with & without carbon capture), gas peaking, geothermal, hybrid PV (fixed & tracking), nuclear small modular reactor, distributed PV (commercial & residential), standalone solar PV (fixed & tracking), battery storage, offshore wind and onshore wind. The report includes technology-level analysis for the lower 48 US states. It examines competition between renewable power, fossil fuel power, nuclear power and energy storage in each country and highlights critical inflection points in the cost trajectory. The detailed data and assumptions used in this report are available in its accompanying data file with an embedded interactive tool.

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What's included

This report contains:

  • Document

    United States LCOE 2022_PR.pdf

    PDF 1.08 MB

  • Document

    United States LCOE 2022_Data.xlsx

    XLSX 11.64 MB