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Average levelized cost of electricity benchmarks worldwide in 2024, by selected technologies (in U.S. dollars per megawatt-hour)

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Release date

July 2025

Region

Worldwide

Survey time period

2024

Special properties

In 2024 U.S. dollars.

Supplementary notes

Global benchmark is a country-weighted average using the latest annual capacity additions.

*Figures refer to H1 2023. Source is . Figures in 2022 U.S. dollars.

** Reflects utility-scale projects with up to four-hour duration and includes charging costs. ***Carbon capture and storage.

Citation formats

Global average levelized cost of electricity by technology 2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 6, 2025

In 2024, the global average of the levelized cost of electricity (LCOE) produced from onshore wind plants reached ** U.S. dollars per megawatt-hour generated. This energy source accounted for the smallest LCOE that year, while nuclear energy had the highest.

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