The levelized cost of electricity from a new nuclear power plant is estimated to be 69 USD/MWh, according to an analysis by the International Energy Agency and the OECD Nuclear Energy Agency. This represents the median cost estimate for an nth-of-a-kind nuclear power plant to be completed in 2025, at a discount rate of 7%. Nuclear power was found to be the least-cost option among dispatchable technologies. Variable renewables can generate cheaper electricity: the median cost of onshore wind power was estimated to be 50 USD/MWh, and utility-scale solar power 56 USD/MWh.