ORIGINAL REPORTING: Getting At The Real Costs Of Old And New Energy
Reframing LCOE: New interactive tool expands the scope of generation cost comparisons; The tool from UT-Austin compares the full cost of electricity from ten generation resources in every US county
Herman K. Trabish, Feb. 2, 2017 (Utility Dive)
Editor’s note: Tools like this are increasingly important as the various old and new energy generation sources become cost-competitive.
New research comparing the costs of generation resources has produced an interactive tool that analysts say gives some of the most granular insights available to the public today. Nearly everything there is to know about electricity, from consumer and generator economics to the impacts of pollutants that come with its generation, is covered in The Full Cost of Electricity (FCe-) from the University of Texas (UT) at Austin. A key white paper in the two-year, thirteen-study project details the Institute’s new online levelized cost of electricity (LCOE) calculator.
LCOE is the cost metric most commonly used to compare generation technologies. It is the estimated cost for a specific electricity generation plant to produce a kWh of electricity over that plant’s lifetime. Along with the typical cost factors in generating and delivering electricity, “New U.S. Power Costs,” the white paper that explains the LCOE tool, factors in locational information and costs for crucial externalities like health and environmental impacts. The LCOE calculator’s detailed analysis was used to create energy resource maps from new levels of LCOE data granularity… click here for more