Levelised cost of energy
The World Energy Council (Consiel Mondial de l'Energie) has published a paper on the "Levelised Cost of Electricity"
I wondered if anyone had seen anything that compared the estimated TOTAL cost of electricity from different sources, which include the costs associated with dispatch? (ie being able to supply the electricity at the times it is demanded)
What I mean is it would be more valuable to understand the difference between nuclear, wind, solar (pv & thermal) and fossil fuels if all of the costs (construction, mining, processing, transportation, waste disposal, & decommissioning etc) to generate electricity at the time it is required were taken into account
Thus for wind & solar, it is necessary to include the cost of storage of the energy generated at times of high supply and low demand (when its windy / sunny) to be able to service high demand (when its dark & cold)
I don't think its very helpful to analyse costs to state 'renewables are cost competitive with fossil fuels', if the renewable is solar PV and the majority of its "competitive" production can not be used. How would you feel if the unit costs of your electricity bill was say 10% of what it is today, but you could only use electricity when the sun was out?
Any thoughts, comments, links to work on this 'full cost' perspective?