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The miles per gallon equivalent cost of an alternative fuel vehicle can be calculated by a simple formula to directly compare the MPG operating costs (rather than the energy consumption of MPGe [7]) with traditional vehicles since the cost of resources varies substantially from region to region. [5] [4] For reference, the complete equation is:
The ratings are based on EPA's formula, in which 33.7 kilowatt hours of electricity is equivalent to one gallon of gasoline (giving a heating value of 115,010 BTU/US gal), and the energy consumption of each vehicle during EPA's five standard drive cycle tests simulating varying driving conditions.
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 ...
According to the U.S. Energy Information Administration (EIA), "Electricity prices generally reflect the cost to build, finance, maintain, and operate power plants and the electricity grid." Where pricing forecasting is the method by which a generator, a utility company, or a large industrial consumer can predict the wholesale prices of ...
(The Center Square) – Virginia tops the nation for importing electricity from other states in 2023, according to a new report. A U.S. Energy Information Administration report shows the ...
Electricity market; Electricity pricing; Cost of electricity by source This page was last edited on 5 September 2024, at 17:31 (UTC). Text is available under the ...