VEREKON Cost Parameters for 2050 in its Energy System Model

In this data documentation, all relevant cost parameters for determination of levelized cost of electricity (LCOE) are reviewed for the current and future time frames. More than 100 studies, articles and past reviews have been reviewed, adjusted for inflation and statistically analysed. The cost parameters for a range of power generation and storage technologies have been reviewed. In terms of conventional power plants, lignite and hard coal power plants, both open cycle and combined cycle gas turbine plants in addition to biomass co-firing plants were studied. Energy storage technologies featured in the review comprised: lithium ion and redox flow batteries, pumped hydro storage units, adiabatic compressed air energy storage technologies, electrolysers, methanizers and gas storage caverns. The main renewable energy technologies covered were: biogas, concentrated solar power plants, photovoltaic and on-shore and off-shore wind parks.