25 March 2010 Paris --- The cost of electricity in the coming years will depend on a number of key parameters, foremost among them the costs of raising financial capital and the price of carbon. This is one of the main conclusions of Projected Costs of Generating Electricity: 2010 Edition, a new joint study by the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA). The report, which was presented today in Paris by IEA Executive Director Nobuo Tanaka and NEA Director-General Luis Echávarri, comprises the latest data on the costs of electricity generation for a wide variety of fuels and technologies. It stablishes a global benchmark for the costs of power supply. “In a period when many countries are looking to invest in electricity capacity while working to reduce carbon emissions, it provides an indispensable basis for any discussion about electricity generation choices,” said Mr. Echávarri. Mr. Tanaka stressed that “to bolster competitiveness of low-carbon technologies such as nuclear, renewables and CCS, we need strong government action to lower the cost of financing and a significant CO2 price signal to be internalised in power markets”.
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