Strategic Energy Technologies Information System

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What methodology has been used for the energy cost calculator?

The current and future production costs of electricity and heat from state-of-the-art facilities throughout their lifetime have been calculated based on the capital costs of each technology, the fixed and variable operating costs, fuel and carbon costs, as well as taking into consideration the financial interest during construction, construction time, the capital recovery factor and the lifetime of each facility. In the case of CCS plants the cost of CO2 transport and storage is also considered.