Most efficient way to produce electricity
Behind all the ideology and rhetoric of energy choices, most of the decisions actually come down to costs. The power industry even has a way to compare the cost of fuel-based and fuel-free electricity on an apples-to-apples basis – it’s called the Levelized Cost of Electricity (LCOE). The LCOE of power plants is certainly important but it’s really just a rear-view mirror showing us where we have been. Their jobs are spread across three main areas: extracting fuel, building power plants, and running.
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