3.5.2. The Cost of Energy (*COE*)

The *COE* is defined as the mean cost per unit of effective electricity generated by the system configuration [69] over the system's whole lifespan. The *COE* is computed with regard to the total annualized cost (USD/year) (*TAC*) and total annual load (kWh) served by the system *(Eanloadserved*) as:

$$COE = \frac{TAC}{E\_{anloaded}}\tag{10}$$
