The document summarizes key findings from a new energy cost report by EI New Energy that analyzes the cost of generating electricity from different sources across various world regions. Some of the main points include: - Solar power is now cost competitive with oil and gas in the Middle East and nearing parity globally as PV costs have dropped 56% since 2008. - In many regions, the break-even price for solar and wind is below prevailing oil, gas, and coal prices, suggesting these alternatives are more economical for new power generation. - Gas-fired power is the cheapest option for new builds in the US while coal remains competitive in some Asian countries like China and India. - Japan has the highest costs