The levelized cost of electricity (LCOE) varies around the world and was about 23 U.S. cents in 2015 in the United Kingdom, compared to 10 cents in India. The LCOE is calculated by using the average cost to build and operate a power plant divided by its total power output over its lifetime. It is a measure of comparison between different electricity generation methods that have varying life spans, sizes, costs, and capacities. LCOEs are used to make an informed decision on the economic feasibility of energy projects in comparison to utility rates. For example, most renewable energy projects have no fuel costs (with the exception of biomass).
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Deutsche Bank. (February 27, 2015). Forecast of levelized cost of electricity prices globally from 2015 to 2020, by select country (in U.S. dollars)* [Graph]. In Statista. Retrieved December 14, 2024, from https://www.statista.com/statistics/478005/global-levelized-electricity-cost-prediction-by-country/
Deutsche Bank. "Forecast of levelized cost of electricity prices globally from 2015 to 2020, by select country (in U.S. dollars)*." Chart. February 27, 2015. Statista. Accessed December 14, 2024. https://www.statista.com/statistics/478005/global-levelized-electricity-cost-prediction-by-country/
Deutsche Bank. (2015). Forecast of levelized cost of electricity prices globally from 2015 to 2020, by select country (in U.S. dollars)*. Statista. Statista Inc.. Accessed: December 14, 2024. https://www.statista.com/statistics/478005/global-levelized-electricity-cost-prediction-by-country/
Deutsche Bank. "Forecast of Levelized Cost of Electricity Prices Globally from 2015 to 2020, by Select Country (in U.S. Dollars)*." Statista, Statista Inc., 27 Feb 2015, https://www.statista.com/statistics/478005/global-levelized-electricity-cost-prediction-by-country/
Deutsche Bank, Forecast of levelized cost of electricity prices globally from 2015 to 2020, by select country (in U.S. dollars)* Statista, https://www.statista.com/statistics/478005/global-levelized-electricity-cost-prediction-by-country/ (last visited December 14, 2024)
Forecast of levelized cost of electricity prices globally from 2015 to 2020, by select country (in U.S. dollars)* [Graph], Deutsche Bank, February 27, 2015. [Online]. Available: https://www.statista.com/statistics/478005/global-levelized-electricity-cost-prediction-by-country/