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LCOE Calculator

Compare the Levelized Cost of Energy across up to 4 sources. Adjust inputs or use Lazard v16 presets.

Applied to all sources (WACC proxy)

LCOE Results ($/MWh)

LCOE Comparison

Cost Breakdown by Component

Ranking

RankSourceLCOE ($/MWh)CapitalO&MFuel
How this was calculated

LCOE = (Sum of discounted annual costs) / (Sum of discounted annual generation)

Annual cost = (CAPEX × CRF) + Fixed O&M + (Variable O&M × gen) + (Fuel × Heat Rate × gen / 1,000,000)

CRF = r(1+r)n / ((1+r)n − 1). Annual gen = 1 kW × CF × 8,760 / 1,000 MWh.

Presets from Lazard LCOE v16.0 mid-range. No escalation, degradation, tax credits, or carbon pricing assumed.

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Understanding Levelized Cost of Energy (LCOE)

The Levelized Cost of Energy (LCOE) is the standard metric for comparing electricity generation costs across technologies. It represents the average cost per MWh over a plant's lifetime, accounting for capital expenditures, operating costs, fuel costs, and the time value of money. For renewables, fuel costs are zero but capacity factors are lower. For thermal plants, fuel costs can dominate LCOE. Presets are based on Lazard LCOE v16.0 mid-range estimates. All calculations run in your browser. Built by Groundwork Analytics. Get in touch or email info@petropt.com.

Disclaimer: These calculations are for screening and educational purposes only. Preset values are approximate mid-range estimates from Lazard LCOE v16.0 and may not reflect current market conditions. Groundwork Analytics assumes no liability for decisions made based on these results.