Enerdatics’ analysis of volume-weighted average settlement prices (VWAPs) across major U.S. power markets in 2024 reveals that CAISO and PJM recorded the widest spreads for solar PPAs, ranging from $10 to $80/MWh. The study, covering approximately 150 solar and wind projects commissioned after 2020 with either corporate or utility PPAs, also found that both markets reported higher median settlement prices of $35–45/MWh. This was primarily driven by the prevalence of LMP-indexed PPAs. Contact us to access deeper insights into US PPA pricing trends.