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Nuclear Energy Agency



This report on electricity generating costs presents the latest data available for a wide variety of fuels and technologies, including coal and gas (with and without carbon capture), nuclear, hydro, onshore and offshore wind, biomass, solar, wave and tidal as well as combined heat and power (CHP). It provides levelised costs of electricity (LCOE) per MWh for almost 200 plants, based on data covering 21 countries (including four major non-OECD countries), and several industrial companies and organisations. For the first time, the report contains an extensive sensitivity analysis of the impact of variations in key parameters such as discount rates, fuel prices and carbon costs on LCOE. Additional issues affecting power generation choices are also examined.

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Foreword

Acknowledgements

List of participating members of the Expert Group

Executive summary

Part I. Methodology and Data on Levelised Costs for Generating Electricity

Chapter 1. Introduction and context

Chapter 2. Methodology, conventions and key assumptions

Chapter 3 Technology overview

Chapter 4. Country-by-country data on electricity generating costs for different technologies

Part II. Sensitivity analyses and boundary isues

Chapter 5. Median case

Chapter 6. Sensitivity analyses

Chapter 7. System integration aspects of variable renewable power generation

Chapter 8. Financing issues

Chapter 9. Levelised costs and the working of actual power markets

Chapter 10 Carbon capture and storage

Chapter 11. Synthesis report on other studies of the levelised cost of electricity

Annex 1. Issues concerning data from non-OECD countries and assumptions for the electricity generating cost calculations

Annex 2. List of abbreviations

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