Cost competitiveness of fuel sources
Encyclopedia
The Cost competitiveness of fuel sources is a primary factor in determining whether a fuel source will be utilized is whether or not the fuel source is cost
competitive in the fuel market. If a fuel source can be produced and sold lower than the price crude oil is being traded at, including taxes, then it is considered to be a cost competitive fuel source.
Cost
In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this...
competitive in the fuel market. If a fuel source can be produced and sold lower than the price crude oil is being traded at, including taxes, then it is considered to be a cost competitive fuel source.