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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 ...
Electricity is generated in Ontario from nuclear power, hydroelectric power, natural gas [85] and renewables such as wind, solar and biomass. Total production in 2017 was 132.1 TWh (i.e. 132.1 billion kWh.) [86] The various sources of generation used in 2017 are shown in the pie chart to the right.
The cost of generating electricity was approximately 3.5 cents per kilowatt hour in 2000. The average price for consumers was over 13 cents per kWh. Provost said that electricity generators' revenue increased by about CA$2 or CA$ billion annually because consumers paid more for electricity. [26]
The cost of energy production depends on costs during the expected lifetime of the plant and the amount of energy it is expected to generate over its lifetime. The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [5]
Compared to other cities in North America, Calgary and Edmonton placed seventh and eighth in terms of highest power costs. [12] The unit price of electricity in Calgary in April 2013 was 14.81 cents per kWh, compared to 6.87 cents per kWh in Montreal, 15.45 in Halifax. [13]
Darlington Nuclear Generating Station is a Canadian nuclear power station located on the north shore of Lake Ontario in Clarington, Ontario. It is a large nuclear facility comprising four CANDU nuclear reactors with a total output of 3,512 MWe when all units are online, providing about 20 percent of Ontario's electricity needs, enough to serve ...