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A review of factors influencing the cost development of electricity generation technologies

  • This article reviews the literature on the past cost dynamics of various renewable, fossil fuel and nuclear electricity generation technologies. It identifies 10 different factors which have played key roles in influencing past cost developments according to the literature. These 10 factors are: deployment-induced learning, research, development and demonstration (RD&D)-induced learning, knowledge spillovers from other technologies, upsizing, economies of manufacturing scale, economies of project scale, changes in material and labour costs, changes in fuel costs, regulatory changes, and limits to the availability of suitable sites. The article summarises the relevant literature findings for each of these 10 factors and provides an overviewThis article reviews the literature on the past cost dynamics of various renewable, fossil fuel and nuclear electricity generation technologies. It identifies 10 different factors which have played key roles in influencing past cost developments according to the literature. These 10 factors are: deployment-induced learning, research, development and demonstration (RD&D)-induced learning, knowledge spillovers from other technologies, upsizing, economies of manufacturing scale, economies of project scale, changes in material and labour costs, changes in fuel costs, regulatory changes, and limits to the availability of suitable sites. The article summarises the relevant literature findings for each of these 10 factors and provides an overview indicating which factors have impacted on which generation technologies. The article also discusses the insights gained from the review for a better understanding of possible future cost developments of electricity generation technologies. Finally, future research needs, which may support a better understanding of past and future cost developments, are identified.show moreshow less

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Metadaten
Document Type:Peer-Reviewed Article
Author:Sascha SamadiORCiD
URN (citable link):https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-65568
DOI (citable link):https://doi.org/10.3390/en9110970
Year of Publication:2016
Language:English
Source Title (English):Energies
Volume:9
Issue:11
Article Number:970
Divisions:Zukünftige Energie- und Industriesysteme
Dewey Decimal Classification:330 Wirtschaft
OpenAIRE:OpenAIRE
Licence:License LogoCreative Commons - Namensnennung