Grid parity

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Grid parity (or socket parity) occurs when an alternative energy source can generate power at a levelized cost of electricity (LCOE) that is less than or equal to the price of power from the electricity grid. The term is most commonly used when discussing renewable energy sources, notably solar power and wind power.

Excerpt from the Wikipedia article “Grid parity”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Sandegud. Based on this blank map in public domain, CC0, via Wikimedia Commons.