CohnReznick Capital has completed its first biannual report on the Market Cost of Energy (MCOE). The MCOE represents the year-1 $/MWh offtake rate for a 15-year utility-scale busbar PPA. Our analysis shows the MCOE in 2021 through 2027 for wind and utility solar across five regions: California, Southwest, ERCOT, PJM, and MISO/SPP. While the Levelized Cost of Energy (LCOE) provides a good metric for net percent costs over the lifetime of a powerplant, the MCOE provides a market-based approach to determine the PPA price required to attain specific investor returns.
If you are interested in learning more about our MCOE analysis, please contact us at email@example.com.