This statistic displays the levelized cost of electricity (LCOE) and the average cost of electricity in the U.S. states that have reached grid parity, as of 2015. During this time, the average cost of electricity in New York stood at 20 U.S. cents per kilowatt hour. In recent years, electricity prices have increased mostly due to increased transmission and distribution investments. The LCOE is calculated by using the average cost to build and operate a power plant divided by its total power output over its lifetime. It is a measure of comparison between different electricity generation methods.
Average and levelized cost of electricity in states with grid parity in the United States in 2015 (in U.S. dollars per kilowatt hour)*
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Average and levelized cost of electricity in states with grid parity in the United States in 2015 (in U.S. dollars per kilowatt hour)*
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Deutsche Bank. (February 27, 2015). Average and levelized cost of electricity in states with grid parity in the United States in 2015 (in U.S. dollars per kilowatt hour)* [Graph]. In Statista. Retrieved May 14, 2025, from https://www.statista.com/statistics/478197/states-with-grid-parity-by-levelized-and-average-electricity-costs-in-the-us/
Deutsche Bank. "Average and levelized cost of electricity in states with grid parity in the United States in 2015 (in U.S. dollars per kilowatt hour)*." Chart. February 27, 2015. Statista. Accessed May 14, 2025. https://www.statista.com/statistics/478197/states-with-grid-parity-by-levelized-and-average-electricity-costs-in-the-us/
Deutsche Bank. (2015). Average and levelized cost of electricity in states with grid parity in the United States in 2015 (in U.S. dollars per kilowatt hour)*. Statista. Statista Inc.. Accessed: May 14, 2025. https://www.statista.com/statistics/478197/states-with-grid-parity-by-levelized-and-average-electricity-costs-in-the-us/
Deutsche Bank. "Average and Levelized Cost of Electricity in States with Grid Parity in The United States in 2015 (in U.S. Dollars per Kilowatt Hour)*." Statista, Statista Inc., 27 Feb 2015, https://www.statista.com/statistics/478197/states-with-grid-parity-by-levelized-and-average-electricity-costs-in-the-us/
Deutsche Bank, Average and levelized cost of electricity in states with grid parity in the United States in 2015 (in U.S. dollars per kilowatt hour)* Statista, https://www.statista.com/statistics/478197/states-with-grid-parity-by-levelized-and-average-electricity-costs-in-the-us/ (last visited May 14, 2025)
Average and levelized cost of electricity in states with grid parity in the United States in 2015 (in U.S. dollars per kilowatt hour)* [Graph], Deutsche Bank, February 27, 2015. [Online]. Available: https://www.statista.com/statistics/478197/states-with-grid-parity-by-levelized-and-average-electricity-costs-in-the-us/
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