Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies

S-Tier
Journal: American Economic Review
Year: 2011
Volume: 101
Issue: 3
Pages: 238-41

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Economic evaluations of alternative electric generating technologies typically rely on comparisons between their expected "levelized cost" per MWh supplied. I demonstrate that this metric is inappropriate for comparing intermittent generating technologies like wind and solar with dispatchable generating technologies like nuclear, gas combined cycle, and coal. It overvalues intermittent generating technologies compared to dispatchable base load generating technologies. It also likely overvalues wind generating technologies compared to solar generating technologies. Integrating differences in production profiles, the associated variations in wholesale market prices of electricity, and life-cycle costs associated with different generating technologies is necessary to provide meaningful comparisons between them.

Technical Details

RePEc Handle
repec:aea:aecrev:v:101:y:2011:i:3:p:238-41
Journal Field
General
Author Count
1
Added to Database
2026-01-25