Renewable generation output (wind and solar) plays a big role in determining electricity prices. When wind and solar production is abundant, wholesale prices typically fall because cheaper renewable energy displaces more expensive gas or coal generation. When renewable output is low, grids rely more on higher‑cost fuels, pushing rates higher.
Renewable Generation Output (Wind & Solar)
17% share (2024)
Direction: Down
Wind and solar produced 17% of U.S. electricity in 2024; solar up 27% and wind up 7%; increasing renewable share helps lower electricity rates. Score: 8/10.
Past Year Trend for Renewable Generation Output
Wind and solar generated a record 17% of U.S. electricity in 2024, up from around 15% in 2023 and about 12% in 2022. This rapid growth means renewable generation is expanding and surpassing coal, helping to moderate electricity prices.
