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The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
The levelized cost of electricity ( LCOE) is a measure of the average net present cost of electricity generation for a generator over its lifetime. It is used for investment planning and to compare different methods of electricity generation on a consistent basis. The more general term levelized cost of energy may include the costs of either ...
Gasoline gallon equivalent ( GGE) or gasoline-equivalent gallon ( GEG) is the amount of an alternative fuel it takes to equal the energy content of one liquid gallon of gasoline. GGE allows consumers to compare the energy content of competing fuels against a commonly known fuel, namely gasoline. It is difficult to compare the cost of gasoline ...
Heating oil is any petroleum product or other oil used for heating; it is a fuel oil. Most commonly, it refers to low viscosity grades of fuel oil used for furnaces or boilers use for home heating and in other buildings. Home heating oil is often abbreviated as HHO. [ 1]
v. t. e. Fuel efficiency (or fuel economy) is a form of thermal efficiency, meaning the ratio of effort to result of a process that converts chemical potential energy contained in a carrier ( fuel) into kinetic energy or work. Overall fuel efficiency may vary per device, which in turn may vary per application, and this spectrum of variance is ...
A 1 inch tall uranium fuel pellet is equivalent to about 1 ton of coal, 120 gallons of crude oil, or 17,000 cubic feet of natural gas. [15] In light-water reactors , 1 kg of natural uranium – following a corresponding enrichment and used for power generation– is equivalent to the energy content of nearly 10,000 kg of mineral oil or 14,000 ...
Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared. Beginning in 1954, the Federal Power Commission regulated the price of US natural gas transported across state lines.
Energy conversion efficiency ( η) is the ratio between the useful output of an energy conversion machine and the input, in energy terms. The input, as well as the useful output may be chemical, electric power, mechanical work, light (radiation), or heat. The resulting value, η (eta), ranges between 0 and 1. [ 1][ 2][ 3]