The economic viability of the system is sensitive to the location and the type of electricity market (which affects overall electricity price). However, it is important to note that using the average price as the only metric is misleading, as economic incentives originate frequency of low and negative prices. We also found that a 20% decrease in CO2 prices shortens the payback period by one year, making the system more profitable; as such, access to low-cost CO2 sources and carbon sequestration credits can further improve the economic viability of the methanol process. The proposed flexible electrification unit can be applied to different hydrogen-based chemical processes. As such, we also explored the levelized cost of hydrogen (LCOH) that can be obtained under different electricity markets and compared this to the LCOH obtained via SMR. In Figure , we compare the LCOH using six technologies. The LCOH obtained from fossil fuels or biomass ranges from 1.32 to 2.05 USD/kg . Using natural gas via SMR is the cheapest option (LCOH is 1.32 USD/kg). We compare this with the LCOHs obtained via flexible electrification (RTM of Panhandle and Houston). The flexible electrification in the Panhandle has the lowest LCOH (0.91 USD/kg), which is 31% lower than the LCOH of SMR. The LCOH of flexible electrification in Houston (1.52 USD/kg) is 15% higher than that of SMR (this is due to the less favorable electricity market conditions in Houston). Interestingly, however, the LCOH of the flexible system in Houston is lower than that of biomass. We also found that the LCOH of the flexible systems in Houston and in the Panhandle are lower than that of the inflexible counterparts (12% and 20%, respectively). The economic viability of the proposed system is sensitive to the locations and the type of energy markets in which it participates. To determine critical electricity prices and energy efficiency that make non-flexible systems competitive, we define the electrification LCOH as a function of the average electricity price and of the energy efficiency. As shown in Figure , given the current PEM electrolyzer efficiency (80%), to have the same LCOH as SMR, the average electricity price has to be lower than 14 USD/MWh. Therefore, in a location such as Kansas, where the average electricity price is 13.7 USD/MWh (in 2020), the proposed electrification system is the most economical option for producing hydrogen. The average electricity price in Minnesota (in 2020) was 17 USD/MWh and is thus not viable. We also found that the LCOH of the electrified unit cannot compete with the LCOH of SMR unless the electrolyzer efficiency is higher than 0.92. In future work, we will aim to conduct a similar analysis, but we will also take into account different degrees of market volatility that can make electrification viable.