Levelised energy cost (LEC, also commonly abbreviated as LCOE) is the price at which electricity must be generated from a specific source to break even. It is an economic assessment of the cost of the energy-generating system including all the costs over its lifetime: initial investment, operations and maintenance, cost of fuel, cost of capital, and is very useful in calculating the costs of generation from different sources.
Page was last modified 09:25, 31 January 2015. Based on work by Aishwarya Shrikant Mundada, Joshua M. Pearce.