Cost of electricity by source
From The Art and Popular Culture Encyclopedia
|
Related e |
|
Featured: |
In electrical power generation, the distinct ways of generating electricity incur significantly different costs. Calculations of these costs can be made at the point of connection to a load or to the electricity grid. The cost is typically given per kilowatt-hour or megawatt-hour. It includes the initial capital, discount rate, as well as the costs of continuous operation, fuel, and maintenance. This type of calculation assists policymakers, researchers and others to guide discussions and decision making.
The levelized cost of energy (LCOE) is a measure of a power source that allows comparison of different methods of electricity generation on a consistent basis. It is an economic assessment of the average total cost to build and operate a power-generating asset over its lifetime divided by the total energy output of the asset over that lifetime. The LCOE can also be regarded as the average minimum price at which electricity must be sold in order to break-even over the lifetime of the project.
See also
- Electricity pricing
- Comparisons of life-cycle greenhouse gas emissions
- Distributed generation
- Economics of new nuclear power plants
- Demand response
- Intermittent energy source
- National Grid Reserve Service
- Nuclear power in France
- List of thermal power station failures
- Calculating the cost of the UK Transmission network: Estimating cost per kWh of transmission
- List of countries by electricity production from renewable sources
- List of U.S. states by electricity production from renewable sources
- Environmental concerns with electricity generation
- Grid parity
