Contents
Background 1
Introduction 2
Cost Factors: What the LCOE Does and Does Not Capture 3
Assessing a Generator's Value 7
Toward Whole-System Models 9
Conclusion 13
Acknowledgments 15
Table 1. Cost and value components of electricity 9
Table 2. Comparison of inputs of the PLCOE and ReEDS models 10
Table 3. Select metrics for assessing the cost and value of electricity 12
Figure 1. Historical mean unsubsidized LCOE values 5
Figure 2. Range of LCOE and LACE for generation technologies entering service in 2027 in the United States 8
Figure 3. Generation share over time results of the LCOE, PLCOE, and ReEDS models 11