Electricity Generation: Costs
(asked on 26th April 2018) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the cost per MWh of energy generated by (a) onshore wind, (b) offshore wind, (c) solar PV, (d) open cycle gas, (e) combine cycle gas and (f) coal in 2020.
BEIS’s most recent published assessment of electricity generation costs can be found in the generation costs report (2016)[1] which covers both renewable and non-renewable technologies. We are currently undertaking a review of our evidence on levelised costs of electricity generation.
The relevant section of the 2016 generation cost report is included below. BEIS no longer produces estimates for the levelised cost of unabated coal.
Levelised Cost Estimates for NOAK Projects Commissioning in 2020, Technology-specific Hurdle Rates, £/MWh (2014 prices)
| CCGT H Class | OCGT 600MW (500hrs) | Offshore Wind Round 3 | Large Scale Solar PV | Onshore Wind >5MW UK |
Pre Development Costs | 0 | 5 | 5 | 6 | 4 |
Construction Costs | 7 | 63 | 73 | 52 | 44 |
Fixed O&M | 2 | 17 | 24 | 9 | 10 |
Variable O&M | 3 | 3 | 3 | 0 | 5 |
Fuel Costs | 35 | 52 | 0 | 0 | 0 |
Carbon Costs | 19 | 28 | 0 | 0 | 0 |
Total | 66 | 166 | 106 | 67 | 63 |