The Energy Cost Report

...and getting close to retailparity around the world.

If the vertical bar is below thecrude oil price (horizontal line),it’s more economic to use an alternative technology andexport the oil.

Should a Mideast producer export oil or burn it for power?

Should a Mideast country use natural gas or alternative technologies for power generation?

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Mideast: OilBreak-Even Prices

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If the vertical bar is below the gas price (horizontal line), it’s more economic to use the alternative technology.

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Mideast: GasBreak-Even Prices

Solar power is a viable challengerto oil and gas in the Mideast...

Japan is the most expensive placein the world to produce electricity

US gas-fired poweris the cheapestof all electricitygeneratingtechnologies

worldwide.

Overview:RegionalNewbuildPower Generation Costs

Dvlpg.($/MWh) Europe Japan Asia MideastGas CCGT 92.4 135.5 108.8 113.8

Large Hydro 65.7 64.7 163.1 41.0 102.5

Wind Onshore 74.8 87.5 134.2 67.9 76.6

Coal 75.6 89.1 99.9 59.5 72.4

Geothermal 78.2 78.2 82.7 68.7 74.4

Gas OCGT 94.0 159.8 221.0 182.4 191.0

Nuclear 98.1 98.1 88.3 59.1 80.6

Large Solar PV 138.3 177.5 318.1 120.0 122.6

Coal with CCS 147.0 159.0 179.3 118.7 135.8

Biomass 149.0 149.0 147.5 117.1 136.6

Wind Offshore 177.7 176.8 182.8 157.3 141.2

Solar CSP 222.6 226.9 NA 171.0 185.3

Wave-Tidal 288.3 288.3 276.1 294.2 285.1

Dvlpg. Asia = developing Asia, mostly China and India

Regional NewbuildPower Generation Costs ($/MWh):

Dvlpg.Europe Japan Asia Mideast

Wind Onshore 74.8 87.5 134.2 67.9 76.6

Gas OCGT 94.0 159.8 221.0 182.4 191.0

Large Solar PV

138.3 177.5 318.1 120.0 122.6

US

ChinaINDIA

IndonesiaJAPAN

Onshore wind is now cheaperthan coal and gas in Europe...

...but coal remains a champion in some Asian countries

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US48.0

Developing Asia: Coal Break-Even Prices

If the vertical bar is below the coal price(horizontal line), it's more economic

to use the alternative technology.

Should some Asian countries use coal or alternative technologiesfor power generation?

In an exclusive new data set, EI New Energy develops its proprietary cost of energy datainto regional sets covering the Mideast, Asia, the US and Western Europe, and calculatesthe break-even points for oil, gas and coal.

Uploaded weekly, the data measures both the investment cost of installing power capacity, in dollars per kilowatt, and the lifetime cost of generating electricity, in dollars per megawatt hour.

@energyintel

©2014 Energy Intelligence

To get the full picture downloadthe Energy Cost Report fromEI New Energy now atwww.energyintel.com/newenergycosts

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Should the Mideast use itsoil and gas more efficiently,

or should it deploy solar powerat home, and export more

to market?

How do the economics stack up?

2008

($/kW)

2009 2010 2011 2012 2013

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5,000

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2,000

1,000

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PV capacity costs are down

from 200856% $5,650/kW

$2,469/kW

Regional Large Solar PV PowerGeneration Costs ($/MWh)

Dvlpg.Europe Japan Asia Mideast

138.3 177.5 318.1 120.0 122.6US