Cost of wave energy-What does that mean? Is that all about paying some amount and getting that wave energy from a retail shop? ,Absolutely no! We often misinterpret that cost of something always lies in terms of money. Its not. Money is just a tool used for compromising the efforts taken for producing or selling or maintaining something. And this cost can never be the same for all the products or machineries and thats the reason why, prices vary with different products.
Normally when a product is sold in a shop ,the cost of that particular product is estimated based on the effort spent from its initial stage to its finishing stage including transporting charges. Similarly when the machineries are set up for making this wave energy to work efficiently, the cost is estimated from manufacturing and producing it, the number of workers required for it , their salary,maintenance of the machinery etc. Estimating the cost of wave energy plants is difficult but still the cost can be calculated roughly based on the above mentioned factors.