Managing the energy trilemma in the Philippines

Table 3 Summary of mean levelized cost of energy (LCOE) for different energy sources

	Fuel source	2009—USD/MWh	2018—USD/MWh	2019—USD/MWh
1	Wind	135	42	41
2	Solar	359	43	37
3	Combined cycle gas turbine	83	58	56
4	Coal	111	102	109
5	Nuclear	123	151	155
6	Geothermal	76	91	91
7	Hydropower	40 ^a	52 ^b	54
8	Biomass	89	108 ^c	100

Source of data: Lazard [7]
^a2010 LCOE for hydropower from the International Renewable Energy Agency (IRENA) Database. ^b,c2018 and 2019 LCOE data collected from the Annual Technology Baseline Website of the National Renewable Energy Laboratory

ISSN: 2192-0567