Q2 2018 PPA Price Index

Market Insights
June 8, 2018

Data, transparency and education - three critical components to reaching true scale in renewable energy procurement. Today we're excited to support all three of these critical tenets with the introduction of our quarterly PPA Pricing Index.

Included in the report below are PPA pricing averages, broken down nationally and across four ISOs (SPP, ERCOT, PJM and MISO), and split by wind and solar. We've also detailed average project size and forward shape scalers across these geographies and energy types.

Although we didn't issue a report last quarter (but plan to do so going forward on a quarterly basis), we've outlined a few key changes to be aware of between Q1 and Q2 2018:

  • PPA Prices in the LevelTen Marketplace dropped consistently across all ISOs for active projects as compared to 3 months ago. Median prices were down $1.5 per MWh across all projects.
  • Examining an even blend of wind and solar in each ISO shows prices dropped most significantly in ERCOT with median prices down $3.1 per MWh. The smallest price change was in SPP with prices down $0.55 per MWh.
  • The largest price change for a single ISO/technology combination occurred in ERCOT wind with median prices down $5.5 per MWh to $18 and the top quartile benchmark price down $3 per MWh. MISO solar experienced the 2ndlargest drop, coming in at $34.1 per MWh with a drop of $4.9.
  • Solar prices are seen decreasing through 2021 COD across all ISOs.

Download the Q2 2018 PPA Price Index

LevelTen Energy

LevelTen Energy is the leading provider of transaction infrastructure for the renewable energy economy. The platform delivers buyers, sellers, advisors, and financiers the automation software, data management, and standardized contracts needed to facilitate faster, safer renewable energy transactions. LevelTen’s marketplace of renewable energy power purchase agreements is the world’s largest, with more than 4,000 pricing offers spanning 21 countries in North America and Europe. LevelTen’s CFO-Ready Analytics™ automatically calculate more than a billion data points every day, providing buyers and advisors with leading-edge, real-time risk and value insights at modern market scale. Together, LevelTen and its partners share #OneGoal to accelerate the clean energy transition

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