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Economics #08: Levelized Cost of Energy

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This video is part of a curriculum on the theory and application of economic-engineering concepts underlying competitive electricity markets. This video is part of the first module: the language of costs. This first module explains the significance and meaning of various cost measures. Note that the lecture on average fixed costs also discusses the implications of running a plant at different capacity factors. The PowerPoint slides used in this module are available freely online at www.raponline.....
Ranjit Bharvirkar from the Regulatory Assistance Project, William Shobe from the University of Virginia, and Dallas Burtraw from Resources for the Future taught this curriculum at several workshops organized by POSOCO. For more information, visit www.raponline.....
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Music: Perception by Bensound
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Опубликовано:

5 сен 2024

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Комментарии : 3

@abood808080 2 года назад

Thank you so much for your effort

@stephenblack8804 3 месяца назад

Seems like you also need to include the cost of intermittency into these calculations. All generating resources need some form of backup for reliable grid operation. For conventional generation it’s having additional resources available so generators can be rotated off line for maintenance and to have resources to bring on line in case of an unexpected failure. With wind and solar there is a much higher level of intermittency that requires backup, shouldn’t this cost (storage) be factored into the LCOE for these sources?