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.

For Solar Photovoltaics See also[edit | edit source]

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Published 2011
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