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dc.contributor.authorAldersey-Williams, John
dc.contributor.authorBroadbent, Ian D.
dc.contributor.authorStrachan, Peter
dc.date.accessioned2019-02-14T15:41:17Z
dc.date.available2019-02-14T15:41:17Z
dc.date.issued2019-01-03en
dc.identifier.citationALDERSEY-WILLIAMS, J., BROADBENT, I.D. and STRACHAN, P.A. 2019. Better estimates of LCOE from audited accounts: a new methodology with examples from United Kingdom offshore wind and CCGT. Energy policy [online], 128, pages 25-35. Available from: https://doi.org/10.1016/j.enpol.2018.12.044en
dc.identifier.issn0301-4215en
dc.identifier.urihttp://hdl.handle.net/10059/3298
dc.description.abstractAround the world, government policies to support new renewable energy technologies rely on accurate estimates of Levelised Cost of Energy (LCOE). This paper reveals that such estimates are based on 'public domain' data which may be unreliable. A new approach and methodology has been developed which uses United Kingdom (UK) 'audited' data, published in company accounts, that has been obtained from Companies House, to determine more accurate LCOE estimates. The methodology is applicable to projects configured within Special Purpose Vehicle (SPV) companies. The methodology is then applied to a number of UK offshore wind farms and one Combined Cycle Gas Turbine (CCGT) project to develop new cost data which is then compared to that presently in the public domain. The analysis reveals that recent offshore wind projects show a slightly declining LCOE and that public domain cost estimates are unreliable. But of most concern is that offshore wind farm costs are still much higher than those implied by recent bids for UK government financial support via Contracts for Difference (CfDs). The paper concludes by addressing further the question of how offshore wind projects can achieve the degree of LCOE reductions required by recent CfD bids.en
dc.language.isoengen
dc.publisherElsevieren
dc.rightshttps://creativecommons.org/licenses/by-nc-nd/4.0en
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectLCOEen
dc.subjectOffshore winden
dc.subjectAccountsen
dc.titleBetter estimates of LCOE from audited accounts: a new methodology with examples from United Kingdom offshore wind and CCGT.en
dc.typeJournal articlesen
dc.publisher.urihttps://doi.org/10.1016/j.enpol.2018.12.044en
dcterms.dateAccepted2018-12-27en
dcterms.publicationdate2019-05-31en
refterms.accessExceptionNAen
refterms.dateDeposit2019-02-14en
refterms.dateEmbargoEnd2020-01-03en
refterms.dateFCA2020-01-03en
refterms.dateFCD2019-02-14en
refterms.dateFreeToDownload2020-01-03en
refterms.dateFreeToRead2020-01-03en
refterms.dateToSearch2020-01-03en
refterms.depositExceptionNAen
refterms.panelCen
refterms.technicalExceptionNAen
refterms.versionAMen
rioxxterms.publicationdate2019-01-03en
rioxxterms.typeJournal Article/Reviewen
rioxxterms.versionAMen


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