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The assumption of the capacity factor has a significant impact on the calculation of LCOE as it determines the actual amount of energy produced by specific installed power. Formulas that output cost per unit of energy ($/MWh) already account for the capacity factor, while formulas that output cost per unit of power ($/MW) do not. [12]
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
Grid parity (or socket parity) occurs when an alternative energy source can generate power at a levelized cost of electricity (LCOE) that is less than or equal to the price of power from the electricity grid. The term is most commonly used when discussing renewable energy sources, notably solar power and wind power. Grid parity depends upon ...
The Cost competitiveness of fuel sources is a measure of whether or not particular fuel sources are cost competitive in the energy market, and is a primary factor in determining if a fuel source will be utilized.
Nameplate capacity, also known as the rated capacity, nominal capacity, installed capacity, maximum effect or gross capacity, [1] is the intended full-load sustained output of a facility such as a power station, [2] [3] electric generator, a chemical plant, [4] fuel plant, mine, [5] metal refinery, [6] and many others.
The merit order is a way of ranking available sources of energy, especially electrical generation, based on ascending order of price (which may reflect the order of their short-run marginal costs of production) and sometimes pollution, together with amount of energy that will be generated.
Levelized cost of energy (LCOE) is a measure of the average net present cost of electricity generation for a generating plant over its lifetime. I'd like to add some of the current estimates as listed on "Cost of electricity by source." Sampenrose 17:54, 16 February 2020 (UTC) I agree. --PJ Geest 09:07, 4 June 2021 (UTC)
Overnight cost is the cost of a construction project if no interest was incurred during construction, as if the project was completed "overnight.". This concept is used for providing a simplistic cost comparison between power plant projects or technologies, through a ratio with the maximum power the plant can deliver.