Policy Formation by the Total Cost of Life Cycle : The case of technologies of electricity generation

Abstract

The aim of this study is to examine the method of policy formation by the total cost of life cycle (TCLC), which is originated as rational tools for policy decision-making. The case of technologies of electricity generation was taken, and their TCLC was estimated on the basis of various energy-related cost data. This estimation informs us which technologies are more competitive than others and which factors of TCLC are important for us as policy targets to challenge. It is possible to use this indicator of TCLC as a tool for the formation of consensus in our society.