There is a risk that some countries might say: we like theconcept, we want clean, stable energy, but we cannot affordoffshore wind.

From society’s perspective, the selection of electricity sourcesshould be based on their true costs. Unfortunately, the standardmeasures of electricity costs reveal only part of the picture.

Today, we use the levelised cost of energy (LCOE) as ouryardstick. It is calculated as the ratio of the lifetime sum ofdiscounted capital and operating costs, including fuel, divided bythe lifetime sum of discounted energy output.

However,