Which of the following is a characteristic of levelized cost of energy (LCOE)?(1 point) Responses It is the minimum price per kWh at which electricity must be sold in order to break even over the lifetime of a power-generating project. It is the minimum price per kWh at which electricity must be sold in order to break even over the lifetime of a power-generating project. It is the maximum price per kWh at which electricity must be sold in order to break even over the lifetime of a power-generating project. It is the maximum price per kWh at which electricity must be sold in order to break even over the lifetime of a power-generating project. It is the maximum amount of power that can be produced per dollar over the lifetime of a power-generating project. It is the maximum amount of power that can be produced per dollar over the lifetime of a power-generating project. It is the minimum amount of power that can be produced per dollar over the lifetime of a power-generating project. It is the minimum amount of power that can be produced per dollar over the lifetime of a power-generating project.
1 answer
The correct response is: It is the minimum price per kWh at which electricity must be sold in order to break even over the lifetime of a power-generating project.
LCOE is a way to compare the cost-effectiveness of different energy generation technologies, representing the per-unit cost (typically in terms of kWh) of building and operating a generating plant over an assumed financial life and duty cycle.
