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1. OVERVIEW 1.1 Australian Energy Technology Assessment 2012/2013 The agency of sources and energy economics (BREE) in collaboration with other governmental and private organizations ran a technical and economic review of various electricity generation technologies called the Australian energy engineering assessment. This report first published in 2012 is to be followed by biannual updates. The goal of the report would be to predict the technical and financial elements of 40 different power generation technology under Australian states, herby presenting cost estimates to investors and planners. This model is subsequently utilized to compare various technologies with prices projected up to 2050. AETA report and modelling framework attempt to deal with the following key technological and economic facets of power generation technologies: Layout foundation and plant traits: net capacity, Aux. Load, Equipment prices Performance parameters: thermal efficiency, capacity variable, emissions Capital Cost estimates: First year availability, capital prices construction profile Fuel and O&M estimates: fixed and variable O&M prices, sequestration prices Levelised cost of electricity: contrast of LCOE with other technology The findings of the report indicate that future energy generation combination of Australia is expected to be very different from the current situation with deep implications on new investments along with AustraliaвЂ™s renewable energy and emission reduction targets. Intended for electricity businesses, electricity market operators and labs that the model has provisions for changing some assumed parameters and creating alternative LCOE. 1.1.1 Levelised Cost of Electricity Keeping in perspective anticipated technological inventions, f.. .