Which of the following is a characteristic of levelized cost of energy (LCOE)?(1 point)

Responses

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.

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.

1 answer

The characteristic of levelized cost of energy (LCOE) 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 represents the average cost of generating electricity per unit over the lifetime of a particular energy project, taking into account initial investment, operational costs, maintenance costs, and projected electricity production.