Major Discussions on the Life Cycle Cost of Electricity Generation Systems

Abstract

The aim of this paper was to discuss the use of Life Cycle Cost (LCC) in the assessment of electricity generation systems. To that end, it was conducted a systematic literature review. EndNote, Mendeley and Excel spreadsheets were used to manage references, while the VOSviewer and Microsoft Power Business Intelligence software tools were used to create visual maps. Europe seemed to stand out regarding the number of studies, while there was a lack of LCC studies in America, Asia and Oceania. Concerns seem to have switched from being only about the source for producing electricity to how to diversify the energy system including renewable energy in the energy mix. Overall, there seems to be a shortage of recent studies regarding the LCC of electricity generation systems, which requires further contributions to enable better decision-making.