Table 5 Electricity production costs in 2020 (unit: billion yuan).

From: LEAP model-based analysis to low-carbon transformation path in the power sector: a case study of Guangdong–Hong Kong–Macao Greater Bay Area

Generation type

Capital cost

Fixed O&M cost

Variable O&M cost

Cost of fuels

Total

Coal-fired power

8.82

11.34

0.12

29.48

49.76

Oil-fired power

0.08

0.20

0

8.25

8.53

Gas-fired power

3.25

5.92

0.10

21.46

30.73

Hydro-power

0.28

0.46

0.01

0.75

Nuclear power

4.35

4.89

0.15

0.04

9.43

Biomass power

0.22

0.37

0.01

0.60

Photovoltaic power

0.17

0.56

0

0.73

Wind power

0.08

0.38

0

0.46

Total

17.24

24.12

0.39

59.24

100.99