LevelTen’s PPA Price Index

Your guide to confidently navigating the PPA market. Access the industry’s only PPA report based on real, freshly updated price offers in North America and Europe.

Energy Sellers

Save time getting the data you need to price competitively

Energy Buyers

Know what to expect in today's PPA market

Energy Analysts

Understand the forces shaping clean energy markets

What’s Included in This Quarter’s Report

-01.png)

North America

LevelTen Energy’s North American PPA Price Index is the industry’s only source of PPA pricing data based on hundreds of real PPA offers from renewable developers — providing precise, real-world pricing intelligence to help you stay ahead of the market. The report includes price spreads, market insights from LevelTen’s experts, perspectives from renewable energy developers, buyers, and advisors, and much more. LevelTen’s report for the second quarter of 2026 will be published on July 21, and includes:

• PPA price offer data for Q2 2026 (90 days prior to June 15, 2026) reflects 266 price offers from 185 renewable energy projects in six markets across the United States and Canada (AESO, CAISO, ERCOT, MISO, PJM, and SPP).

• An in-depth look at how despite rising prices, corporate energy buyers should prioritize signing PPAs in the near term. Historical and forward-looking analysis from LevelTen illustrate the financial and strategic benefits of PPAs — especially during periods of market volatility — and why the cost of waiting outweighs any perceived rationale for continued procurement delays.

• A discussion with Arcadia exploring how C&I buyers can leverage an integrated PPA and retail contract strategy to actively manage portfolio risk, reduce volatility, and optimize the bottom-line impact of their energy and sustainability initiatives.

-01.png)

Europe

LevelTen Energy’s European PPA Price Index is the industry’s only source of PPA pricing data based on real PPA offers from renewable developers, providing precise, real-world pricing intelligence to help you stay ahead of the market. The report includes price spreads, market insights from LevelTen’s experts, perspectives from renewable energy developers, buyers, advisors, and much more. LevelTen’s report for the second quarter of 2026 will be published on 23 July, and includes:

• PPA price offer data for Q2 2026 (90 days prior to 15 June 2026) reflects 110 price offers from 92 renewable energy projects in 16 European countries. LevelTen's hybrid PPA data reflects 94 price offers from 58 projects in 13 European countries.

• An in-depth exploration of how buyers can lower risk and improve financial returns by incorporating hybrid contracts into their portfolios.

• An interview with renewable energy developer Zelestra exploring how to navigate the complexities of the European renewable energy market. The interview breaks down risk-sharing amongst PPA counterparties, hybrid contract structures, and the importance of finding long-term energy partnerships capable of addressing structural challenges like regulatory uncertainty and negative pricing.

Get a Clear and Complete Picture of the PPA Market

Data & Market Intelligence

Executive Summary

PPA Price Index

Free

North American and European reports

Expert Analysis

Key takeaways from P25 Price Indices

PPA Pricing Data

Solar and wind P25 PPA price trends

Market Composition Data

Percentage of wind/solar PPA price offers from each North American ISO or European country

PPA Price Offer Attributes

Percentage breakdown of solar and wind project sizes

Solar and wind PPA term lengths

** Exact report contents depend on availability of relevant market data each quarter

The Industry’s Most Trusted Source of Market News

"LevelTen’s report is one of the best in the market. Their analysis methods for capture prices and PPAs leaves little doubt in the state of renewable markets."

Treehouse Management

Frequently Asked Questions

What is LevelTen Energy’s PPA Price Index?

LevelTen’s PPA Price Index is your guide to confidently navigating the power purchase agreement (PPA) market. Published every quarter, the Price Index gives you:

• a clear and comprehensive view of PPA prices by technology and ISO/country,

• expert analysis of the economic forces and regulatory issues shaping the market, and

• an insider’s look at how renewable energy developers and buyers are reacting to market conditions.

Thousands of renewable energy professionals trust LevelTen’s PPA Price Index because it is the only report based on hundreds of real PPA price offers, unlike other reports that only provide estimates of what a PPA price offer “could” or “should” be. For renewable energy professionals who want the freshest market intelligence – and don’t have time for painstaking manual data collection and analysis – LevelTen’s PPA Price Index is an indispensable part of your PPA toolkit.

What methodology do you use?

Our Price Index dataset is composed of anonymized PPA price offers on the LevelTen Energy Marketplace, from projects that have been updated on our platform during the most recent quarter. All prices:

• include bundled project renewable energy certificates (REC)/guarantee of origin (GO) values,

• are from offers with tenors ranging between 10 and 19 years, and

• assume financial settlement at regional hubs using pricing from the real-time wholesale energy market.

Only standard, flat, as-generated offers are included, from projects with a range of contract start dates and commercial operation dates. We aggregate this price data into percentile buckets, with our national-level indices compiling market-level P25 data in various ways to produce high-level perspectives of market trends.