Cumulative electricity costs decrease due to solar PV and wind additions, and average European Union wholesale spot electricity price, actual and in no-RES-additions scenario, 2021-2023

Last updated 25 May 2023

Download chart
Sources

IEA analysis based on ENTSO-E Transparency Platform (accessed April 2023).

Notes

RES = renewable energy source. The no-RES-additions scenario assumes no PV or wind capacity additions in 2021-2023.

Related charts

Enhanced-geothermal cost reductions from the low level transfer of oil and gas industry expertise in the United States compared to 2023 costs

Open

Enhanced-geothermal cost reductions from the high level transfer of oil and gas industry expertise in the United States compared to 2023 costs

Open

Technical potential of selected renewable energy technologies for electricity generation

Open

Levelised cost of electricity of geothermal and other low-emissions dispatchable technologies in the Announced Pledges Scenario, 2035

Open