The levelised cost of electricity (LCOE) is often used to compare the costs of electricity production from different types of electricity generation plant. Carefully describe the significance of the LCOE and give one advantage and one disadvantage of using this metric to compare plants.

Power System Analysis and Design (MindTap Course List)
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ISBN:9781305632134
Author:J. Duncan Glover, Thomas Overbye, Mulukutla S. Sarma
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Chapter4: Transmission Line Parameters
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The levelised cost of electricity (LCOE) is often used to compare the costs of electricity production from different types of electricity generation plant. Carefully describe the significance of the LCOE and give one advantage and one disadvantage of using this metric to compare plants.
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