ResearchMoz

Cost of Power Generation - Renewables Compete with Conventional Alternatives as the Levelized Cost of Electricity (LCOE) is driven down by Technological Developments and Mass Deployments

GBI Research
Published Date » 2013-04-01
No. Of Pages » 95
     
  Cost of Power Generation Renewables Compete with Conventional Alternatives as the Levelized Cost of Electricity (LCOE) is driven down by Technological Developments and Mass Deployments  
     
  Summary  
   
 GBI Research, a leading business intelligence provider, has released its latest research, “Cost of Power Generation Renewables Compete with Conventional Alternatives as the Levelized Cost of Electricity (LCOE) is driven down by Technological Developments and Mass Deployments”. This report gives an in-depth analysis of the cost of power generation, levelized cost of electricity for different power generating technologies, both renewable and conventional, in six major countries like the US, China, India, Germany, the UK and Australia between 2011 and 2020....
Table of Contents

1 Table of Contents
1 Table of Contents 6
1.1 List of Tables 8
1.2 List of Figures 9

2 Introduction 11

3 Levelized Cost of Energy 12
3.1 Levelized Cost of Energy, Overview 12
3.2 Retail Cost, Levelized Cost of Electricity and Grid Parity 13
3.3 Components of Cost of Power Generation 15
3.3.1 Overnight Capital Cost 16
3.3.2 Fuel Cost 17
3.3.3 Operations and Maintenance Costs 17
3.3.4 Financing Cost 17
3.3.5 Capacity Factor 18
3.3.6 Discount Rates 18

4 Factors Impacting the Cost of Power Generation 19
4.1 Technology Learning Effect 19
4.2 CO2 Lifecycle Emissions and the Cost Price 19
4.2.1 Lifecycle Greenhouse Gas Emissions 19
4.2.2 Global Initiatives to Reduce Carbon Footprint 21
4.2.3 Evolution of Carbon Trading Market 22
4.2.4 Emission Trading 23
4.3 Capacity Factor 24
4.4 Fuel Prices 24

5 Factors Impacting Electricity Prices 25
5.1 Structural Costs 25
5.2 Cost of Carbon 25
5.3 Grid Extension 26
5.4 Tariff Subsidies 26
5.5 Fuel Subsidies 26

6 Levelized Cost of Electricity, Market Dynamics 27
6.1 Key Trends 27
6.1.1 LCOE for Solar PV to Decline at a Significant Rate during Forecast Period 27
6.1.2 Fluctuating Fuel Costs and Increasing Capital Costs of Conventional Technologies are Enhancing the Competitiveness of Renewable Technologies 28
6.1.3 Grid Parity is Becoming a Reality 28

7 Power Market Scenario in Major Countries, 2012–2020 29
7.1 Power Market, Global, Cumulative Installed Capacity, 2012–2020 29
7.2 Power Market, the US, Cumulative Installed Capacity and Levelized Cost of Electricity, 2012–2020 31
7.2.1 Power Market, the US, Cumulative Installed Capacity, by Technology, 2012–2020 31
7.2.2 Power Market, the US, Levelized Cost of Electricity, by Technology, 2012–2020 33
7.3 Power Market, China, Cumulative Installed Capacity and Levelized Cost of Electricity, 2012–2020 34
7.3.1 Power Market, China, Cumulative Installed Capacity, by Technology, 2012–2020 34
7.3.2 Power Market, China, Levelized Cost of Electricity, by Technology, 2012–2020 36
7.4 Power Market, India, Cumulative Installed Capacity and Levelized Cost of Electricity, 2012–2020 37
7.4.1 Power Market, India, Cumulative Installed Capacity, By Technology, 2012–2020 37
7.4.2 Power Market, India, Levelized Cost of Electricity, by Technology, 2012–2020 39
7.5 Power Market, Germany, Cumulative Installed Capacity and Levelized Cost of Electricity, 2012–2020 40
7.5.1 Power Market, Germany, Cumulative Installed Capacity, by Technology, 2012–2020 40
7.5.2 Power Market, Germany, Levelized Cost of Electricity, by Technology, 2012–2020 42
7.6 Power Market, the UK, Cumulative Installed Capacity and Levelized Cost of Electricity, 2012–2020 43
7.6.1 Power Market, the UK, Cumulative Installed Capacity, by Technology, 2012–2020 43
7.6.2 Power Market, the UK, Levelized Cost of Electricity, by Technology, 2012–2020 44
7.7 Power Market, Australia, Cumulative Installed Capacity and Levelized Cost of Electricity, 2012–2020 45
7.7.1 Power Market, Australia, Cumulative Installed Capacity, by Technology, 2012–2020 45
7.7.2 Power Market, Australia, Levelized Cost of Electricity, by Technology, 2012–2020 47

8 Power Market, Cost of Power Generation, Comparative Analysis in Major Countries 48
8.1 Power Market, Levelized Cost of Electricity Range, Comparative Analysis, By Technology, 2012 48
8.1.1 Power Market, the US, Levelized Cost of Electricity Range, by Technology, 2012 48
8.1.2 Power Market, China, Levelized Cost of Electricity Comparison, by Technology 49
8.1.3 Power Market, India, Levelized Cost of Electricity Range, by Technology, 2012 50
8.1.4 Power Market, Germany, Levelized Cost of Electricity Range, by Technology, 2012 51
8.1.5 Power Market, the UK, Levelized Cost of Electricity Range, by Technology, 2012 52
8.1.6 Power Market, Australia, Levelized Cost of Electricity Range ($/kWh), By Technology, 2012 53
8.2 Renewable Power Market, Levelized Cost of Electricity, by Country, 2012 54
8.2.1 Biomass Power Market, Global, Levelized Cost of Electricity in Major Countries 54
8.2.2 Solar PV Power Market, Global, Levelized Cost of Electricity in Major Countries, 2011–2020 61
8.2.3 Wind Power Market, Global, Levelized Cost of Electricity in Major Countries, 2011–2020 69
8.3 Thermal Power Market, Levelized Cost of Electricity, by Country, 2012 77
8.3.1 Coal-fired Power Market, Global, Levelized Cost of Electricity in Major Countries, 2011–2020 77
8.3.2 Gas-fired Power Market, Global, Levelized Cost of Electricity in Major Countries, 2011–2020 84

9 Appendix 91
9.1 Market Definition 91
9.1.1 Technologies Covered 91
9.1.2 Geographies Covered 91
9.1.3 Major Definitions 91
9.2 Assumptions 92
9.3 Abbreviations 92
9.4 References 93
9.5 Methodology 93
9.5.1 Coverage 93
9.5.2 Secondary Research 94
9.5.3 Primary Research 94
9.5.4 Expert Panel Validation 94
9.6 Contact Us 95
9.7 Disclaimer 95

List of Tables


Table 1: Wind Power Market, the US, Levelized Cost of Electricity Comparison with Retail Electricity Prices, 2011–2020 14
Table 2: Lifecycle Greenhouse Gas Emissions, Power Generation Technologies, Tons CO2e/GWh, 2012 20
Table 3: Power Market, Global, Cumulative Installed Capacity, by Technology (%), 2012–2020 30
Table 4: Power Market, the US, Cumulative Installed Capacity, by Technology (%), 2012–2020 32
Table 5: Power Market, the US, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 33
Table 6: Power Market, China, Cumulative Installed Capacity, by Technology (%), 2012–2020 35
Table 7: Power Market, China, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 36
Table 8: Power Market, India, Cumulative Installed Capacity, by Technology (%), 2012–2020 38
Table 9: Power Market, India, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 39
Table 10: Power Market, Germany, Cumulative Installed Capacity, by Technology (%), 2012–2020 41
Table 11: Power Market, Germany, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 42
Table 12: Power Market, the UK, Cumulative Installed Capacity, by Technology (%), 2012–2020 43
Table 13: Power Market, the UK, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 44
Table 14: Power Market, Australia, Cumulative Installed Capacity, by Technology (%), 2012 and 2020 46
Table 15: Power Market, Australia, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 47
Table 16: Power Market, the US, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 48
Table 17: Power Market, China, LCOE by Technologies, Comparative Analysis, 2012 49
Table 18: Power Market, India, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 50
Table 19: Power Market, Germany, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 51
Table 20: Power Market, the UK, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 52
Table 21: Power Market, Australia, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 53
Table 22: Biomass Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis ($/kWh), 2012 54
Table 23: Biomass Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 55
Table 24: Biomass Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 56
Table 25: Biomass Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 57
Table 26: Biomass Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 58
Table 27: Biomass Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 59
Table 28: Biomass Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 60
Table 29: Solar PV Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis ($/kWh), 2012 62
Table 30: Solar PV Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 63
Table 31: Solar PV Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 64
Table 32: Solar PV Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 65
Table 33: Solar PV Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 66
Table 34: Solar PV Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 67
Table 35: Solar PV Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 68
Table 36: Wind Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis, 2012 70
Table 37: Wind Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 71
Table 38: Wind Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 72
Table 39: Wind Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 73
Table 40: Wind Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 74
Table 41: Wind Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 75
Table 42: Wind Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 76
Table 43: Coal-fired Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis ($/kWh), 2012 77
Table 44: Coal-fired Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 78
Table 45: Coal-fired Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 79
Table 46: Coal-fired Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 80
Table 47: Coal-fired Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 81
Table 48: Coal-fired Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 82
Table 49: Coal-fired Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 83
Table 50: Gas-fired Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis, 2012 84
Table 51: Gas-fired Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 85
Table 52: Gas-fired Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 86
Table 53: Gas-fired Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 87
Table 54: Gas-fired Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 88
Table 55: Gas-fired Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 89
Table 56: Gas-fired Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 90
Table 57: Power Generating Sources Covered as Part of the Report 91

List of Figures


Figure 1: Comparison of Capital Cost Estimates ($/kW), 2012 12
Figure 2: Wind Power Market, the US, Levelized Cost of Electricity Comparison with Retail Electricity Prices, 2011–2020 13
Figure 3: Components of Cost of Power Generation, 2012 15
Figure 4: Comparison of Capital Cost Estimates ($/kW), 2012 16
Figure 5: Comparison of Capacity Factors of Different Technologies (%), the US, 2012 18
Figure 6: Power Market, Factors Impacting Cost of Power Generation, 2012 19
Figure 7: Lifecycle Greenhouse Gas Emissions, Power Generation Technologies, Tons CO2e/GWh, 2012 20
Figure 8: Global Carbon Trading Market Structure, 2012 22
Figure 9: Power Market, Factors Impacting Electricity Prices, 2012 25
Figure 10: Solar PV Power Market, LCOE in Major Countries ($/kWh), 2011–2020 27
Figure 11: Power Market, Global, Cumulative Installed Capacity, by Technology (%), 2012–2020 30
Figure 12: Power Market, the US, Cumulative Installed Capacity, by Technology (%), 2012–2020 31
Figure 13: Power Market, the US, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 33
Figure 14: Power Market, China, Cumulative Installed Capacity, by Technology (%), 2012–2020 34
Figure 15: Power Market, China, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 36
Figure 16: Power Market, India, Cumulative Installed Capacity, by Technology (%), 2012–2020 37
Figure 17: Power Market, India, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 39
Figure 18: Power Market, Germany, Cumulative Installed Capacity, by Technology (%), 2012–2020 40
Figure 19: Power Market, Germany, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 42
Figure 20: Power Market, the UK, Cumulative Installed Capacity, by Technology (%), 2012–2020 43
Figure 21: Power Market, the UK, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 44
Figure 22: Power Market, Australia, Cumulative Installed Capacity, by Technology (%), 2012 and 2020 45
Figure 23: Power Market, Australia, Levelized Cost of Electricity, by Technology ($/kWh), 2011–2020 47
Figure 24: Power Market, the US, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 48
Figure 25: Power Market, China, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 49
Figure 26: Power Market, India, Levelized Cost of Electricity Range ($/kWh), by Technology, Comparative Analysis ($/kWh), 2012 50
Figure 27: Power Market, Germany, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 51
Figure 28: Power Market, the UK, Levelized Cost of Electricity Range ($/kWh), by Technology, Comparative Analysis ($/kWh), 2012 52
Figure 29: Power Market, Australia, Levelized Cost of Electricity Range, by Technology, Comparative Analysis ($/kWh), 2012 53
Figure 30: Biomass Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis ($/kWh), 2012 54
Figure 31: Biomass Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 55
Figure 32: Biomass Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 56
Figure 33: Biomass Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 57
Figure 34: Biomass Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 58
Figure 35: Biomass Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 59
Figure 36: Biomass Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 60
Figure 37: Solar PV Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis ($/kWh), 2012 61
Figure 38: Solar PV Power Market, the US, Levelized Cost of Electricity, 2011–2020 63
Figure 39: Solar PV Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 64
Figure 40: Solar PV Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 65
Figure 41: Solar PV Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 66
Figure 42: Solar PV Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 67
Figure 43: Solar PV Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 68
Figure 44: Wind Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis, 2012 69
Figure 45: Wind Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 71
Figure 46: Wind Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 72
Figure 47: Wind Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 73
Figure 48: Wind Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 74
Figure 49: Wind Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 75
Figure 50: Wind Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 76
Figure 51: Coal-fired Power Market, Global, Levelized Cost of Electricity in Major Countries ($/kWh), 2012 77
Figure 52: Coal-fired Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 78
Figure 53: Coal-fired Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 79
Figure 54: Coal-fired Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 80
Figure 55: Coal-fired Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 81
Figure 56: Coal-fired Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 82
Figure 57: Coal-fired Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 83
Figure 58: Gas-fired Power Market, Global, Levelized Cost of Electricity in Major Countries, Comparative Analysis ($/kWh), 2012 84
Figure 59: Gas-fired Power Market, the US, Levelized Cost of Electricity ($/kWh), 2011–2020 85
Figure 60: Gas-fired Power Market, China, Levelized Cost of Electricity ($/kWh), 2011–2020 86
Figure 61: Gas-fired Power Market, India, Levelized Cost of Electricity ($/kWh), 2011–2020 87
Figure 62: Gas-fired Power Market, Germany, Levelized Cost of Electricity ($/kWh), 2011–2020 88
Figure 63: Gas-fired Power Market, the UK, Levelized Cost of Electricity ($/kWh), 2011–2020 89
Figure 64: Gas-fired Power Market, Australia, Levelized Cost of Electricity ($/kWh), 2011–2020 90

Upcoming Reports:

Poland: plastic windows market
By - Williams and Marshal Strategy
This report presents a comprehensive overview of the plastic windows market in Poland and its state as of January 2014. It provides detailed analysis of the industry, its dynamics and structure. The purpose of the report is to describe the state of the plastic windows market in Poland, to present actual and retrospective information about the volumes and dynamics of production, imports, exports and consumption, the characteristics of the market for the period 2008-2012 and to build a forecast for the market development until 2018. In the same way, the report presents an elaborate overview...
Mens Health Therapeutics Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
By - Transparency Market Research
Men’s health therapeutics are used for males to treat and correct the diseases and disorders specific to androgens. Such therapeutics have garnered attention in recent times because of the health problems as a result of changes in hormones level.A rise in average age of men is observed globally which further results into increase in number of males with declined testosterone levels. The declined level of this hormone is major cause of men health issues and therefore, the global market for men’s health therapeutics is expected to grow with the increasing life expectancy and...
Greece: market of natural stone setts, kerbstones and flagstones
By - Williams and Marshal Strategy
This report presents a comprehensive overview of the natural stone setts, kerbstones and flagstones market in Greece and its state as of January 2014. It provides detailed analysis of the industry, its dynamics and structure. The purpose of the report is to describe the state of the natural stone setts, kerbstones and flagstones market in Greece, to present actual and retrospective information about the volumes and dynamics of production, imports, exports and consumption, the characteristics of the market for the period 2008-2012 and to build a forecast for the market development until...

Research Assistance

We will be happy to help you find what you need.
Please call us or write us:

866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-618-1030
Email: sales@researchmoz.us
Select License type:

Share this report

Related News

Chinese Food Giant Cofco Corp. Explores in U.S.
Mar 31, 2015  
In recent years, Cofco has used up a couple of billion dollars quietly to purchase Australian cane fields, Brazilian soybean pastures, and French vineyards that helped it in becoming one of the largest food enterprise in the world. At present, Cofco explores deals in the largest exporter of agricultural commodities in the world that is the United States. Invasive in China but little known...
Coca Cola Tries to Appeal to Australian Health Conscious Consumers with Coke Life
Mar 31, 2015  
The latest attempt by Coca Cola to attract more consumers from the increasing base of health conscious population involves the release of Coke Life. Although the drink claims to be made of lesser sugar than the classic Coke, health experts are still stating their disappointment as the product still has substantial amounts of sugar. The soft drinks giant has claimed that Coke Life...
Joint Collaboration between Internet Companies and Vehicle Manufacturers in China to Design and Develop Smart Cars
Mar 31, 2015  
A few of the prominent car manufacturers in China, namely Chery Automobile Co., BAIC Motor Corp., and SAIC Motor Corp Ltd. have plans of developing smart cars. For this, these aforementioned companies have collaborated with Internet firms for going ahead with this project. There are several speculations with regard to intelligent vehicles and smart cars.  Furthermore, latest...
Stem Cells to Lead to Healing of Tendons and Lower the Risk of Retears in Rotator Cuff Operations
Mar 30, 2015  
While conducting a rotator cuff operation when an injection comprising the stem cells of bone marrow is used in a patient, it leads to greater tendon durability and better healing. On an annual basis, the U.S. reports close to 2 million cases of rotator cuff surgery. This surgery basically aims at re-attaching the shoulder tendon with the top part of the bone of the upper arm (also known as...
Discovery of a Genetic Link for Treating Liver Related Anomalies
Mar 30, 2015  
Most of the times, any kind of damage that happens to the liver is an irreversible process. But in almost 25 to 30% alcoholics the only solution for issues such as fibrosis, fat accumulation in the liver, and cirrhosis is liver transplant. Latest research and study indicates that certain types of gene mutations might lead to liver cirrhosis that is irreversible. There is likely to be a...