Table 1: Levelised costs of electricity generation, £/MWh Cost category Gas Offshore Wind Onshore Wind Solar Nuclear 2016 2023 2016 2023 2016 2023 2016 2023 2016 2023 Pre Development Construction Fixed O&M Variable O&M Fuel Costs 40 Carbon Costs 29 Decommissioning, Waste 172230° 0723020 <1 5 2 4 69 23 42 23 17 10 3 1 43 0 60 0 0 6980 OOO 3286000 205000 001 3 7 22 49 28 66 10 11 0 0 0 0 0 0 0 615502 TOTAL 82 114 100 44 61 38 63 41 95 95 Sources: BEIS (2016) Electricity Generation Costs 2016; DESNZ (2023) Electricity Generation Costs 2023. Notes: Gas Combined Cycle Gas Turbine H class; Solar-Large Scale Solar; Nuclear-Pressurised Water Reactor; O&M=operating and maintenance costs; Nuclear costs were omitted from the 2023 report

Table 1: Levelised costs of electricity generation, £/MWh Cost category Gas Offshore Wind Onshore Wind Solar Nuclear 2016 2023 2016 2023 2016 2023 2016 2023 2016 2023 Pre Development Construction Fixed O&M Variable O&M Fuel Costs 40 Carbon Costs 29 Decommissioning, Waste 172230° 0723020 <1 5 2 4 69 23 42 23 17 10 3 1 43 0 60 0 0 6980 OOO 3286000 205000 001 3 7 22 49 28 66 10 11 0 0 0 0 0 0 0 615502 TOTAL 82 114 100 44 61 38 63 41 95 95 Sources: BEIS (2016) Electricity Generation Costs 2016; DESNZ (2023) Electricity Generation Costs 2023. Notes: Gas Combined Cycle Gas Turbine H class; Solar-Large Scale Solar; Nuclear-Pressurised Water Reactor; O&M=operating and maintenance costs; Nuclear costs were omitted from the 2023 report

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter17: Long-term Investment Analysis

Section: Chapter Questions

Problem 1.1CE

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