The Future Cost And The Key Factors Of Energy Generation
Table 2:
Factors | |||||||||
Power plant type | Legislation/ regulation | Tax breaks and subsidies | Technological advancements | Technological effectiveness/ improvement | Market competition | Fuel price | Weather conditions | Economic conditions | Total |
Coal | -0.50 | +0.55 | +0.10 | +0.08 | +0.25 | -0.52 | -0.72 | +0.30 | -0.46 |
Natural Gas | +0.24 | +0.57 | +0.15 | +0.25 | +0.25 | -0.50 | -0.62 | +0.30 | +0.64 |
Nuclear | -0.27 | +0.27 | +0.08 | +0.12 | +0.15 | -0.53 | -0.10 | +0.35 | +0.07 |
Solar PV | +0.70 | +0.80 | +0.43 | +0.80 | +0.27 | 0 | +0.21 | -0.42 | +2.79 |
Wind | +0.60 | +0.80 | +0.43 | +0.80 | +0.28 | 0 | +0.22 | -0.57 | +2.56 |
Hydro | +0.40 | +0.75 | 0 | 0 | +0.25 | 0 | +0.25 | +0.20 | +1.85 |
Kinetic minigrid | +0.32 | +0.53 | +0.59 | +0.82 | +0.35 | 0 | -0.40 | -0.50 | +1.71 |