The cost for electrical generation depends on where you are. In Canada it is currently quite high, simply because of the development costs, but if we go globally and look at other resources, we see it can be very low, in the $40 to $50 per megawatt-hour range. In the United States, their stated goal for the investment they are making in engineered geothermal systems is to create power at $45 per megawatt-hour.
On June 13th, 2024. See this statement in context.