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)*
Characteristic
Levelized cost of electricity
Average cost of electricity
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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 August 24, 2024, 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 August 24, 2024. 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: August 24, 2024. 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 August 24, 2024)
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/
