Comparative Analysis of Electricity Generation Costs by Source
WaterPower Canada (WPC) commissioned this white paper to present a comparative analysis of the current and future cost of various sources of electricity generation.
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Cost of electricity by source
Capital costs tend to be low for gas and oil power stations; moderate for onshore wind turbines and solar PV (photovoltaics); higher for coal plants and higher still for waste-to-energy, wave and tidal, solar
Cost of electricity by source
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While calculating costs, several internal cost factors have to be considered. Note the use of "costs," which is not the actual selling price, since this can be affected by a variety of factors such as subsidies and taxes: • Capital costs tend to be low for gas and oil power stations; moderate for onshore wind turbines and solar PV (photovoltaics); higher for coal plants and higher still for waste-to-energy, wave and tidal, solar thermal,
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Table 2 shows a full listing of the overnight costs for each technology and electricity region, if the resource or technology is available to be built in the given region.
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