What is the Average Cost of Biomass? Average Biomass Price

Biomass energy is an essential economic resource and accounts for approximately 3% of the annual usage of energy in the United States. The production cost of biomass is much higher in comparison to coal and other various fossil fuels. Biomass helps in comparatively low operating and maintenance costs, apart from greater level of efficiency. The estimated fuel cost for biomass is about $20 per ton. However, based on the demand and supply equilibrium, the costs can go as high as $40 per ton. It has been estimated that soon the United States will have biomass production up to 7.2 quadrillion Btu, at an approximate cost of $5 per million Btu.