Today, the International Energy Agency (IEA) published its latest estimation of the levelised costs of generating electricity (LCOE).
In every region in the world, nuclear power is computed to be the cheapest source of electricity, when the discount rate is 5%. The 10% discount rate just increases the costs of onshore wind electricity, while nuclear powered electricity still demands the lowest costs in North America and Asia Pacific regions.
This kind of analysis not new. Nuclear electricity always tops the electricity from renewable sources in terms of costs. When numbers are out, governments cannot ignore them.
How can renewable energy sources compete with non-renewable (and possibly dangerous) ones?
I want to find the answer!!!!!
International Energy Agency. (2010). Projected Costs of Generating Electricity - 2010 Edition.
You can access its full text here (http://j.mp/IEA2010LCOE).
Below is its table of contents.
Table of contents
Part I Methodology and  Data on Levelised Costs for Generating Electricity
Chapter 1 Introduction  and context ............................. 29
Chapter 2 Methodology,  conventions and key assumptions.......... 33
2.1 The notion of  levelised costs of electricity (LCOE)......... 33
2.2 The EGC  spreadsheet model for calculating LCOE ............. 37
2.3 Methodological  conventions and key assumptions for calculating
LCOE with the EGC  spreadsheet model ...................... 41
Conclusions  .................................................... 45
Chapter 3 Technology  overview .................................. 47
3.1 Presentation of  different power technologies ............... 47
3.2  Technology-by-technology data on electricity generating costs ...... 59
Chapter 4  Country-by-country data on electricity generating costs for different technologies  ...................................... 65
4.1 Country-by-country  data on electricity generating costs (bar graphs) .. 65
4.2 Country-by-country  data on electricity generating costs
(numerical tables)  .................................... 89
Part II Sensitivity  analyses and boundary isues
Chapter 5 Median case  ......................................... 101
Chapter 6 Sensitivity  analyses ................................ 105
6.1 Multi-dimensional  sensitivity analysis .................... 106
6.2 Summary results of  the sensitivity analyses for different parameters .. 112
6.3 Qualitative  discussion of different variables affecting the LCOE ...... 123
Chapter 7 System  integration aspects of variable renewable power generation ....... 141
7.1 Introduction  .............................................. 141
7.2  Variability................................................ 142
7.3  Flexibility................................................ 145
7.4 Costing variable  renewable integration..................... 146
7.5 Power system  adequacy...................................... 149
Chapter 8 Financing  issues .................................... 151
8.1 Social resource  cost and private investment cost: the difference
is uncertainty  ..................................... 151
8.2 The role of  corporate taxes and the coherence of fiscal and
energy policy  ....................................... 155
8.3 The impact of the  financial and economic crisis ........... 158
8.4 Options for  improving investment conditions in the power sector .... 160
Chapter 9 Levelised  costs and the working of actual power markets .............. 163
9.1 Use and  limitations of LCOE ............................... 164
9.2 Power market  functioning and electricity pricing in
competitive markets  .................................. 168
9.3 Qualitative  assessment of major risks associated with generation
technologies  ....................................... 172
9.4 Policy  considerations ..................................... 174
Chapter 10 Carbon  capture and storage ......................... 177
10.1 Introduction  ............................................. 177
10.2 Role of CCS in  CO2 mitigation ............................ 178
10.3 CO2 capture and  storage in power generation .............. 181
10.4 Demonstration and  deployment of CCS ...................... 187
Chapter 11 Synthesis  report on other studies of the levelised cost of electricity........ 189
11.1 Introduction  ............................................. 189
11.2 Common lessons  ........................................... 196
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