U.S. electricity market: a look at the levelized cost of electricity

The US electricity system is at an inflection point. The current and future impacts of the climate crisis require the world to transition rapidly from fossil fuels to renewable energy. Comparing the costs of electricity generation projects is a complex exercise due to major differences in their components’ prices. Despite LCOE’s utility, the metric cannot predict how countries will invest in energy. The LCOE of coal, for example, is much higher than that of renewables, yet some countries continue to install new coal capacity. These countries consider coal power a viable option because it is readily available and can be […]