this post was submitted on 01 May 2024
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Even the link itself mentions how it’s not really a good metric to use as it doesn’t factor in whole lot of externalities. I.e coal is cheaper, but when it creates air pollution that shortens your lifespan, is it worth the tradeoff? Nor does it factor in things like energy density: a nuclear power plant is far smaller than the amount of land needed to put up enough wind turbines to match its output.
Basically… LCOE looks like a neat gotcha, right up until you look past that first diagram.
https://www.mackinac.org/blog/2022/nuclear-wasted-why-the-cost-of-nuclear-energy-is-misunderstood