Model for Electricity Technology Assessment (META)
The Model for Electricity Technology Assessment (META) facilitates the comparative assessment of the economic costs of more than 50 electricity generation and delivery technologies, including conventional generation options (thermal, hydroelectric, etc.), nonconventional options (renewables), and emerging options such as power storage and carbon capture and storage.
META has an option for incorporating the costs associated with externalities in power generation such as local pollution and greenhouse gas (GHG) emissions. The META model can also be used to undertake uncertainty analysis for selected key inputs.
Key questions addressed:
- What are the levelized costs of different electricity generation technologies?
Sample data inputs:
- Energy input data (e.g., capacity factor, plant efficiency, generation type)
Sample quantitative outputs:
- Levelized energy costs
- Capital generation costs
- T&D costs
- Fixed and variable O&M
- Fuel costs
- External costs
- Waste costs