2.2.1. Scenario 1 (Base Scenario)

This scenario represents the continuous trend of the electricity sector's development from the past, and thus assumes no future for carbon pricing and no controls over NOx and SOx emissions in Southeast Asia. The associated carbon costs and NOx and SOx emission reduction costs are thus not accounted, and an LCOE analysis is simply based on base plant EPC, O&M, fuel costs and financing costs.
