Cost per kWh Equation:
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The cost per kWh calculation compares the cost of coal-generated electricity against solar power by accounting for subsidies. It helps evaluate the true cost difference between these energy sources.
The calculator uses the simple equation:
Where:
Explanation: The equation shows the adjusted cost of coal power when solar subsidies are considered, helping to understand the economic competitiveness of solar energy.
Details: Comparing energy costs is crucial for policy decisions, investment analysis, and understanding the true economics of energy transition from fossil fuels to renewables.
Tips: Enter both coal cost and solar subsidy in dollars per kWh. The calculator will show the adjusted cost of coal power after accounting for solar subsidies.
Q1: Why compare coal cost to solar subsidies?
A: This comparison helps understand how subsidies affect the relative economics of different energy sources.
Q2: What are typical values for coal cost?
A: Coal power typically costs $0.03-$0.15 per kWh, depending on location and plant efficiency.
Q3: How do solar subsidies vary?
A: Solar subsidies range from $0.01-$0.10 per kWh, depending on government policies and programs.
Q4: Does this account for external costs?
A: No, this simple calculation doesn't include environmental or health externalities associated with coal.
Q5: Can this be used for other energy comparisons?
A: The same principle can be applied to compare other energy sources when one receives subsidies.