word

Levelized Cost of Energy (LCOE)

LEV-el-yzd COST uv EN-er-jee

/ˈlɛvəlaɪzd kɒst əv ˈɛnərdʒiː/

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Syllable breakdown

LevelizedCostofEnergy

Dictionary meaning

A measure of the average net present cost of electricity generation over the lifetime of a generating asset, calculated by dividing the total life-cycle costs (capital, operating, fuel, and financing) by the total energy produced. LCOE is the standard metric for comparing the competitiveness of different power generation technologies.

Examples

The LCOE for utility-scale solar has fallen by over 90% in the past decade.
Analysts use levelized cost of energy to compare nuclear, gas, wind, and solar on equal footing.

Synonyms: LCOE, lifetime cost of electricity

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