LCOE vs Economic Analysis Borneo Sarawakian EE

Both LCOE and economic analysis are used to assess the financial viability of energy projects, but they approach the problem from different perspectives.
The Levelized Cost of Energy, or LCOE, is a metric used to compare the cost of generating electricity from various sources over the course of a project. It considers factors such as initial capital costs, operating and maintenance costs, and the amount of electricity generated over the project's lifetime. The levelized cost of energy (LCOE) is expressed in dollars per kilowatt-hour (kWh) and is a useful tool for comparing the relative costs of various energy sources.
While LCOE is a specific metric used to compare the costs of generating electricity from various sources, economic analysis is a broader tool used to evaluate a project's overall financial viability, taking into account all costs and benefits. Economic analysis is more in-depth than LCOE, but it is also more complicated and time-consuming to perform.
In conclusion, while LCOE is a specific metric used to assess the cost of generating electricity from various sources, economic analysis is a broader tool used to assess a project's overall financial viability.