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Eevelization Period - P The time over which a series of transactions is converted to an equivalent value per unit of output, Levelized Capacity Factor A constant annual capacity factor for an electric generating unit such that the present value of the energy produced during the analysis period using constant amnual capacity factors is the same as the present value of the energy produced by the individual annual capacity factors. Levelized Cost of Energy - LCOE The cost per unit of energy that, if held constant through the analysis period, would provide the same net present revenue value as the net present value cost of the system. Life-Cycle Cost - LCC The present value over the analysis period of dl system resultant costs. Load Duration Curve A chart showing electric demand in decreasing magnitude plotted against total duration of occurrence over a specified period of time (usually a year). Load Factor The ratio of the actual energy consumed during a designated period to the energy that would have been consumedifthepeakloadweretoexistthroughoutthedesignatedperiod. Thetermisusedtodescribe a characteristic of individual or aggregated load rather than that of generation. Load Management The application of measures to influence customers’ use of electricity so as to modify the demand and load factor. Load Profile Curve A chart showing chronological electric demand plotted against time of occurrence. It illustrates the varying magnitude of the load during the period covered. Loss of Load Probability (LOLP) The proportion of time that the available generation is expected to be unable to meet the system load. Marginal Cost - MC Thecostofanadditionalunit. Themarginalcostofcapitalisthecostofadditionalfunds. Net Present Value NPV The value in the base year (usually the present) of all cash flows associated with a project. 93PDF Image | A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies
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