No Country is an Energy Island: Securing Investment for the EU's Future - European Union Committee Contents


APPENDIX 7: LEVELISED COST ESTIMATES FOR PROJECTS STARTING IN 2018 (10% DISCOUNT RATE)


Central Levelised Costs, £/MWh Gas-CCGT Gas-CCGT with post combustion CCS FOAK Coal-ASC with FGD Coal-ASC with post combustion CCS FOAK Nuclear-NOAK Offshore Wind R3 Onshore Wind >5 MW UK Solar 250-5,000 KW
Pre-Development Costs0 10 14 62 -
Capital Costs8 2421 4750 7668 104
Fixed O&M3 45 109 3117 25
Variable O&M0 21 33 -3 -
Fuel Costs48 5528 375 -- -
Carbon Costs26 457 9- -- -
CO2 Transport and Storage- 5- 11- -- -
Decommissioning and Waste Fund- -- -2 -- -
Total Levelised Cost85 94113 11673 11390 129

Acronyms: ASC = Advanced Supercritical Coal; CCS = Carbon Capture and Storage; CCGT = Combined Cycle Gas Turbine; FGD = Flue Gas Desulphurisation; FOAK = First of a Kind; NOAK = Nth of a Kind; O&M = Operating and Maintenance
Source: DECC (Selected technologies at 2012 prices)


 
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