Electricity Generation: Costs

(asked on 21st March 2022) - 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 comparative assessment he has made of the cost of producing a kilowatt of electricity from a (a) North Sea wind turbine and (b) power station running on gas shipped to the UK from overseas.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 24th March 2022

BEIS publishes the Levelized Costs of Electricity (LCOE) for all generating technologies in the Generation Cost Reports (https://www.gov.uk/government/publications/beis-electricity-generation-costs-2020). The LCOE of offshore wind turbines and gas plants (both CCGT and OCGT) are derived from their lifetime electricity generation, capital costs, and operational costs (including fuel).

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