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LCOE Calculator

By Greg T. Forcherio

Purdue University

Calculate the Levelized Cost of Energy of a facility or system over its lifetime.

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Archive Version 1.0.0
Published on 17 Jun 2011
Latest version: 1.0.4. All versions

doi:10.4231/D3125Q885 cite this

Open source: license | download

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Abstract

This Levelized Cost of Energy calculator calculates the minimum base cost of energy suppled by a facility or system which must be charged to its suppliants, i.e. break even before profit. This takes into account capital costs of the facility/system, maitenance costs, yearly capacity, fuel costs (if any), supply rate, and the discount rate which you plan to sell the energy.

The program takes the user input specifications and outputs a number plot. Then, a single parameter can be changed incrementally (i.e. paramter sweep) and the number plot will graph all simulation results and display them together for LCOE as a function of a particular variable. This way, the importance of some parameters can be seen and just how drastic of changes it can have on the costs of the facility/system.

Powered by

Rappture Toolkit
MATLAB, R2010a

Credits

Xufeng Wang (wang159)

Sponsored by

Network for Photovoltaic Technology
Purdue University

References

"Simple Levelized Cost of Energy (LCOE) Calculator Documentation," NREL: Energy Analysis, http://www.nrel.gov/analysis/tech_lcoe_documentation.html (accessed June 16, 2011).

Wikipedia contributors, "Capital recovery factor," Wikipedia, The Free Encyclopedia, http://en.wikipedia.org/w/index.php?title=Capital_recovery_factor&oldid=317185496 (accessed June 3, 2010).

Wikipedia contributors, "Levelised energy cost," Wikipedia, The Free Encyclopedia, http://en.wikipedia.org/w/index.php?title=Levelised_energy_cost&soldid=365220846 (accessed June 3, 2010).

Walter Short, Daniel J. Packey, and Thomas Holt, A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy TechnologiesPDF, NREL/TP-462-5173, March 1995.

Cite this work

Researchers should cite this work as follows:

  • Greg T. Forcherio (2014), "LCOE Calculator," https://nanohub.org/resources/lcoe. (DOI: 10.4231/D3125Q885).

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