reskit.util.economic.lcoe#
Functions#
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Compute the LCOE of a producer using the simple method |
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Compute the LCOE of a producer using explicitly given production and |
Module Contents#
- reskit.util.economic.lcoe.levelized_cost_of_electricity_simplified(capex, mean_production, opex_per_capex=0.02, lifetime=20, discount_rate=0.08)#
Compute the LCOE of a producer using the simple method
Uses the equation: .. math:
\mathrm{LCOE} = C * \frac{ (r/(1-(1+r)^{-N})) + O_c }{P_{mean}}
- where:
$C$ -> CAPEX [euros]
$O_c$ -> Fixed OPEX as a factor of CAPEX
$P_{mean}$ -> The average production in each year [kWh]
$r$ -> The discount rate
$N$ -> The economic lifetime [years]
- Parameters:
capex (numeric or array_like) – The capital expenditures
mean_production (numeric or array_like) – The average annual production
opex_per_capex (numeric) – The operational expenditures given as a factor or the capex
lifetime (numeric) – The economic lifetime in years
discount_rate (numeric) – The discount rate
- Return type:
numeric or array_like
- reskit.util.economic.lcoe.levelized_cost_of_electricity(expenditures, productions, discount_rate=0.08)#
Compute the LCOE of a producer using explicitly given production and expeditures for each year in the economic lifetime
Uses the equation: .. math:
\mathrm{LCOE} = \sum{\frac{exp_y}{(1+r)^y}} / \sum{\frac{prod_y}{(1+r)^y}}
- where:
$exp_y$ -> The expenditures in year $y$ [Euro]
$prod_y$ -> The production in year $y$ [kWh]
$r$ -> The discount rate
- Parameters:
expenditures (array_like) – All expenditures for each year in the lifetime
productions (array_like) – Annual production for each year in the lifetime
discount_rate (numeric or array_like) –
- The discount rate
If a numeric is given, the discount rate is applied to all years
If an array is given, a discount rate for each year must by provided
- Return type:
numeric or array_like