1. Transitioning to the clean energy grid: A deep dive into the levelized cost of electricity
- Author:
- Ken Berlin and Frank Willey
- Publication Date:
- 08-2023
- Content Type:
- Policy Brief
- Institution:
- Atlantic Council
- Abstract:
- The climate crisis requires the world to transition rapidly from fossil fuel-based to renewable-based electricity generation. Studies of the levelized cost of electricity (LCOE)—the average price at which a power plant must sell each megawatt-hour of electricity to recover its costs—show that renewable electricity generation is well-positioned to meet energy transition goals because it is cost-competitive. LCOE suggests that on-shore wind and solar generation are the cheapest power options in the United States and for two-thirds of the world population. But LCOE does not tell the full story.
- Topic:
- Electricity, Energy, and Energy Transition
- Political Geography:
- North America and United States of America