1、 Department for Energy Security and Net Zero:first published January 2026 Electricity Generation Costs 2025Electricity Generation Costs 2025 2 Crown copyright 2026 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated.To view this licence,visi
2、t nationalarchives.gov.uk/doc/open-government-licence/version/3.Where we have identified any third-party copyright information you will need to obtain permission from the copyright holders concerned.Any enquiries regarding this publication should be sent to us at:generationcostsenergysecurity.gov.uk
3、 Electricity Generation Costs 2025 3 Contents Acronym glossary.5 Introduction.7 Updates in this report.7 Scope of the report.8 Report structure.8 Uncertainty.9 Section 1:Overview.10 Presentation of costs.10 Generation cost components.10 Technology maturity.11 Sensitivity of generation costs.12 Curre
4、nt cost environment.12 Section 2:Generation costs:how the department uses generation costs.13 Power sector modelling.13 Renewable auction administrative strike prices(ASPs).13 Section 3:Generation costs:Levelised Cost of Electricity.15 Definition.15 Purpose.15 Limitations.15 How to estimate.16 Secti
5、on 4:Generation costs:updates since the previous report.18 Cross-cutting assumptions.18 Hurdle Rates.18 Turbine trajectories for wind generation technologies.19 Load factor methodology for renewable wind technologies.19 Fossil fuel price assumptions.20 Hydrogen fuel and production costs assumptions.
6、20 Carbon price assumptions.21 Renewable technologies.21 Large-scale solar photovoltaic(PV).21 Onshore wind.22 Fixed offshore wind(including peer review).22 Geothermal.23 Electricity Generation Costs 2025 4 Non-renewable technologies.24 Unabated gas.24 Hydrogen to power.25 Gas CCUS Technologies.27 N