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An Economic Evaluation of the use of Wind Farms in Iran, Taking into Account the Effect of Energy Price Liberalization Policy
Universal Journal of Business and Management
| Vol 1, Issue 1
Table 1. Definition of the parameters of the levelizedcost equation
| Name | Unit of measurement | Variable |
| Capital Cost | $/kWh | CK |
| Depreciation Rate | % | DR |
| Total Plant Cost | $/kWh | TPC |
| Construction Life | Year | CL |
| Discount Rate | % | R |
| Hours Per Year | hr | HY |
| Capacity Factor | Percentage | CF |
| Total O&M Cost | $/kWh | CO&M |
| Escalation Rate Of O&M Cost | % | EO&M |
| Total Fixed O&M Cost | $/kWh | FOM |
| Total Variable O&M Cost | $/kWh | VOM |
| Heat Rate | BTU/KWH | HR |
| Plant Life | Year | PL |
| Fule Cost | $/kWh | FC |
| Escalation Rate Of Fuel Costs | % | EFUEL |
| External Cost | $/kWh | CEC |
| Value Of Enviormental Damage | $/gr | VED |
| Emission Factor | gr/BTU | EF |
| Levelized Cost Of Energy | $/kWh | LCOE |