This repository contains MATLAB scripts and data for analyzing the Levelized Cost of Energy (LCOE) across different energy sources, including offshore wind and hydropower. The analysis includes sensitivity studies on CAPEX, OPEX, inflation rate, and Monte Carlo simulations for uncertainty quantification.
documentation.mlx– MATLAB Live Script explaining the LCOE methodology with examples.calculateLCOE_switch.m– Function to compute LCOE for different energy systems.violin.m,violinplot.m– Violin plot functions for visualizing LCOE distributions [1].hydropower_lcoe.csv– Data file containing hydropower cost parameters.
- Calculates LCOE using both simplified and year-by-year approaches.
- Analyzes the impact of CAPEX, OPEX, and inflation over time.
- Performs Monte Carlo simulations to evaluate LCOE uncertainties.
- Uses violin plots for graphical representation of results.
This analysis requires:
- MATLAB (tested on R2023b)
- The Violinplot-Matlab package [1]
This is the first version of the code. While efforts have been made to ensure accuracy, there may be errors.
[1] bastibe (2025). Violinplot-Matlab (https://github.com/bastibe/Violinplot-Matlab), GitHub. Retrieved March 10, 2025.