Q2 2018 PPA Price Index

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

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LevelTen Energy is the leading provider of transaction infrastructure for the clean energy transition, connecting buyers, sellers, and financiers through an international marketplace powered by trusted data and automation. The LevelTen Marketplace supports power purchase agreements (PPAs), energy attribute credits (EACs), capacity, hybrid PPAs, granular certificate trading, and storage, so organizations can execute and manage clean energy transactions with confidence. With a network of more than 1,300 project developers in 35 countries, LevelTen is advancing carbon-free energy markets by making them more transparent, liquid, and accessible.