Which of the following is a characteristic of levelized cost of energy (LCOE)?

Question

It is the minimum 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 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 minimum price per kWh at which electricity must be sold in order to break even over the lifetime of
a power-generating project.

Answer 1

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.