PDF ebook download! Moray Generator, by Dr. T Henry Moray and Andrew James. Following significant investment, the past decade has seen a rapid fall in the price of renewable energy. Some now believe that renewables are cost-competitive to fossil fuels (as well as their obvious benefits). However, making economic comparisons between electricity generation technologies is actually surprisingly difficult.
When quantifying the cost of generating a unit of energy, you need to consider all of the costs associated with producing it. On top of the fuel cost, this includes the costs of building, operating, and decommissioning the power plant. Historically, we only needed to compare fuel-combustion technologies, and this meant that the only substantial differences were in fuel price.
