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Energies 2016, 9(11), 970; doi:10.3390/en9110970

A Review of Factors Influencing the Cost Development of Electricity Generation Technologies

Wuppertal Institute for Climate, Environment and Energy, Döppersberg 19, 42103 Wuppertal, Germany
Academic Editor: Bin Chen
Received: 16 August 2016 / Revised: 7 October 2016 / Accepted: 3 November 2016 / Published: 19 November 2016
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Abstract

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 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. View Full-Text
Keywords: electricity generation technologies; cost development; technological learning; economies of scale; literature review electricity generation technologies; cost development; technological learning; economies of scale; literature review
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Samadi, S. A Review of Factors Influencing the Cost Development of Electricity Generation Technologies. Energies 2016, 9, 970.

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