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Posted June 3, 2015Today in Energy

Levelized cost comparisons help explain value of various electric generation technologies ›

When power plants are built, several factors influence the choice of fuels and technologies that will ultimately generate electricity. Cost is one of the most difficult factors to compare, as technologies can have vastly different capital, fuel, maintenance, and financing costs, as well as different utilization rates and access to fuel resources. Two measures, the levelized cost of electricity (LCOE) and the levelized avoided cost of electricity (LACE), are widely used to make cost comparisons across technologies. More


Source: EIA, Annual Energy Outlook 2015

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Data Highlights

WTI crude oil futures price

6/2/2015: $61.26/bbl

up$3.23 from week earlier
down$41.21 from year earlier

Natural gas futures price

6/2/2015: $2.698/mmBtu

down$0.124 from week earlier
down$1.914 from year earlier

Retail gasoline price

6/1/2015: $2.780/gal

up$0.006 from week earlier
down$0.910 from year earlier

Crude oil inventories

5/29/2015: 477.4 mmbbl

down1.9 mmbbl from week earlier
up87.9 mmbbl from year earlier

Weekly coal production

5/23/2015: 16.054 million tons

up0.026 million tons from week earlier
down2.983 million tons from year earlier

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