IHS CERA Power Capital Costs Index (Q3 2008-Q1 2009)
The IHS CERA Power Capital Costs Index (PCCI) is a proprietary measure of project cost inflation similar in concept to the Consumer Price Index (CPI), The latest PCCI shows the costs of constructing new power plants fell an additional three percent over the six month period between the third quarter of 2008 and first quarter of 2009, signaling a broader downward trend that has now spread beyond nuclear to all classes of power plants. The PCCI now registers 217 index points, indicating that a power plant that cost $1 billion in 2000 would, on average, cost $2.17 billion today.
ATTRIBUTION: IHS Cambridge Energy Research Associates (IHS CERA)