Levelized cost of heat in Spain 2023-2030, by technology

Published by Statista Research Department, Nov 5, 2024

The levelized cost of heat (LCOH) in Spain is forecast to decrease for each technology by 2030. Heat pump under 100º Celsius accounted for the lowest LCOH in 2023 at 48 euros per megawatt-hour thermal, and is forecast to decrease to 27 euros by 2030. Gas boiler's LCOH will decrease from 83 to 68 euros per megawatt-hour thermal. 

Levelized cost of heat in Spain in 2023, with a forecast for 2030, by technology (in euros per megawatt-hour thermal)

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Release date

February 2024

Region

Spain

Survey time period

2023

Special properties

*Refers to solid state thermal energy storage which was commercially available as of 2023 and considers the wholesale price for cheapest hours.

Supplementary notes

The figure refers to generalized levelized cost of heat.

Current subsidies schemes, changes in fees and taxes, and balancing costs are not included.

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