Cost of Electricity by Power Source
The method of producing electricity greatly influences the cost of production. The costs include both the capital costs (for example, it costs over 2 billion dollars to build a nuclear plant) and the ongoing maintenance and operational costs. Here we show various methods by which electricity is produced and the average "all in" cost for each method (courtesy of this Wikipedia Article).
|
|
| Generation Method |
Average Cost in $/MWh |
| Geothermal |
51 |
| Natural Gas with Advanced Combined Cycle |
66 |
| Conventional Natural Gas Fired |
67 |
| Hydro |
68 |
| Wind |
78 |
| Natural Gas with Advanced CC with CCS |
94 |
| Conventional Coal |
96 |
| Advanced Nuclear |
102 |
| Biomass |
102 |
| Natural Gas with Advanced Combustion Turbine |
107 |
| Solar PV |
112 |
| Integrated Coal-Gasification Combined Cycle (IGCC) |
117 |
| Natural Gas with Conventional Combustion Turbine |
117 |
| IGCC with Carbon Control & Sequestration (CSS) |
151 |
| Wind-Offshore |
186 |
| Solar Thermal |
194 |
|
|
