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World Energy Council 2013 Cost of Energy Technologies The LCOEs presented in this report reflect the actual costs of each technology and exclude all subsidies and support mechanisms. This facilitates a comparison of the total costs of each technology on an equal basis, but does not represent the net costs faced by develop- ers in the market. The figures used reflect the most recent data available with preference for costs from Q1 and Q2 2013. This is possible for the most widely deployed technologies in larger markets, but for certain technologies where there have been few or no recent installations – such as solar thermal – older figures are used. Costs also exclude the expense of connecting to the grid net- work, balancing costs and the cost of maintaining adequate flexible capacity in the electricity system to ensure continuous supply as more intermittent, renewable, capacity increases. Data collection and the WEC network The data used in this report draws extensively on BNEF’s proprietary database of clean energy projects and their associated operating, financing and construction costs. The report has also benefited greatly from the knowledge and data available across WEC’s global network. In spite of the good coverage of this report it is acknowledged that some data gaps remain, on both a geographic and technology level. These will be addressed in future edi- tions of this report. 7PDF Image | Cost of Energy Technologies
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