section_path: Market and industry trends/Cost comparison
section_name: Cost comparison
paragraph_text: Cost comparison
  
  The International Renewable Energy Agency (IRENA) stated that ~86% (187 GW) of renewable capacity added in 2022 had lower costs than electricity generated from fossil fuels. IRENA also stated that capacity added since 2000 reduced electricity bills in 2022 by at least $520 billion, and that in non-OECD countries, the lifetime savings of 2022 capacity additions will reduce costs by up to $580 billion.
  
  = 2018. All other values for 2019.