Clean Power Costs Split After Years of Alignment

Clean Power Costs Split After Years of Alignment

From Switched On by Bloomberg

March 26, 2026 · 34 min

About this episode

The episode discusses the changing cost dynamics of clean power projects and their implications for the energy transition.

The cost to build and run clean-power projects used to be heading in one direction: down. That story is now getting more complicated. Battery storage costs continued to fall last year, while most other technologies became more expensive. Yet comparing technologies is far from straightforward. So how should we interpret these shifts in an increasingly complex power system, and what do these changing cost dynamics mean for the next phase of the energy transition? On today’s show, Tom Rowands-Rees is joined by Amar Vasdev, a senior associate from BNEF’s energy economics team, to discuss findings from the “Levelized Cost of Electricity 2026,” an annual flagship benchmark comparing the cost of building and running different power-generation technologies. Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.com Links to research notes from this episode: Levelized Cost of Electricity 2026 - https://www.bnef.com/flagships/lcoe See omnystudio.com/listener for privacy information.

People in this episode

Host: Tom Rowands-Rees

Guest: Amar Vasdev

Topics covered

  • clean power
  • energy transition
  • cost dynamics
  • battery storage
  • power generation technologies

Keywords

  • clean power
  • battery storage
  • energy transition
  • cost of electricity
  • power generation

Mentioned in this episode

Organizations: BNEF, Bloomberg

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