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Levelized cost of electricity. All the costs that go into producing from a given source (capex and opex) divided by the total power generated.
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> All the costs that go into producing from a given source (capex and opex) divided by the total power generated

... total energy generated.

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Good catch! One of my own biggest pet peeves too
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Perhaps Low Cost Of Electricity?
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I'm not asking for guesses thank you (especially if they turn out to be incorrect).
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Your sibling comment is right. It stands for Levelized Cost Of Electricity.
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