Influence of Degradation, Fuel Cost and Electricity Price Factors on Combine Cycle Power Plant Cost Analysis

2021 ◽  
Author(s):  
Pugalenthi Nanadagopal ◽  
Matthias Duerr ◽  
Ole Fahrendorf ◽  
Dan Haid ◽  
Hubert Paprotna
Keyword(s):  
Economic Evaluation ◽  
Power Plant ◽  
Cost Analysis ◽  
Gas Turbine ◽  
Combined Cycle ◽  
Manufacturing Companies ◽  
Fuel Cost ◽  
Levelized Cost Of Electricity ◽  
Cost Of Electricity ◽  
Combine Cycle

Abstract Gas turbine-based combine cycle (GT-CC) economic evaluation is very important to bring together own equipment manufacturing companies (OEM’s) and power plant owners. The fuel cost & cost of electricity play the major role in economic evaluation which drives the decision during the bidding. The first portion of this paper encompasses the different cost analysis methods like Net Present Value (NPV), Internal Rate of Return (IRR), Levelized Cost of Electricity (LCOE) and Pay Back Period (PBP) for different fuel costs and electricity prices. The second portion of the paper covers the delta cost benefits due to improvement in the combined cycle degradation GT-CC operators or customers are looking for the opportunities to control and minimize the degradation of the gas turbine power plant which directly impact the profitability. The customer or operator always monitor the plant performance to understand the life cost impact on performance degradation. This paper will help the customers & GT-CC OEM companies to focus on different area to reduce the unit cost of generating electricity, decide to move forward with the project during the proposal and improve the business at various regions based on fuel cost and global geographical political situations. Also, the reader can digest the benefits of improved degradation curve over the normal curve.

Combined Cycle Powerplant Cost Sensitivity Analysis

2021 ◽  
Author(s):  
Pugalenthi Nanadagopal ◽  
Animesh Pandey ◽  
Manjunath More ◽  
Pertik Kamboj
Keyword(s):  
Power Plant ◽  
Gas Turbine ◽  
Combined Cycle ◽  
Maintenance Cost ◽  
Combine Cycle Power Plant ◽  
Manufacturing Companies ◽  
Levelized Cost Of Electricity ◽  
Combine Cycle ◽  
Electrical Generation ◽  
The Impact

Abstract In Gas turbine-based combined cycle power plant market, the customer conducts an economic evaluation of competitive products to decide their buying option. There are different methods to calculate the economics of a power plant like Levelized cost of electricity (LCOE), Net present value (NPV) and payback period. LCOE methodology is commonly used for lifecycle cost analyses for combine cycle power plant that covers cost details of the plant and plant performance over the complete lifetime of a power plant from construction to retiring. Typically, it includes a combine cycle power plant ownership costs (Total plant cost and operating & maintenance cost) and combine cycle power output and efficiency. This LCOE method is helpful to compare power generation system that use similar technologies. This paper encompasses the LCOE calculation method, assumptions & approach to analyze the impact of key parameters of the electrical generation cost. They key parameters includes combine cycle output, combine cycle efficiency, fuel cost, annual operating hours, capital charge factor, annual operating hours, power plant life, discount rate, nominal escalation rate, operating & maintenance cost. This paper analyses result will provide insights to the customer & Gas turbine-based OEM (Own Equipment Manufacturing) companies to focus on different area/parameters to reduce the unit cost of generating electricity.

Economic Scales for First-Generation Biomass-Gasifier/Gas Turbine Combined Cycles Fueled From Energy Plantations

1997 ◽  
Vol 119 (2) ◽  
pp. 285-290 ◽  
Author(s):  
E. D. Larson ◽  
C. I. Marrison
Keyword(s):  
Power Plant ◽  
Gas Turbine ◽  
Atmospheric Pressure ◽  
Crop Production ◽  
First Generation ◽  
Combined Cycle ◽  
Energy Crop ◽  
Cost Of Electricity ◽  
Wide Range ◽  
The Cost

This paper assesses the scales at which commercial, first-generation biomass integrated-gasifier/gas turbine combined cycle (BIG/GTCC) technology is likely to be most economic when fueled by plantation-derived biomass. First-generation BIG/GTCC systems are likely to be commercially offered by vendors beginning around 2000 and will be based on either pressurized or atmospheric-pressure gasification. Both plant configurations are considered here, with estimates of capital and operating costs drawn from published and other sources. Prospective costs of a farm-grown energy crop (switchgrass) delivered to a power plant are developed with the aid of a geographic information system (GIS) for agricultural regions in the North Central and Southeast US in the year 2000 and 2020. A simplified approach is applied to estimate the cost of delivering chipped eucalyptus from an existing plantation in Northeast Brazil. The “optimum” capacity (MWopt), defined as that which yields the minimum calculated cost of electricity (COEm), varies by geographic region due to differences in delivered biomass costs. With pressurized BIG/GTCC plants, MWopt is in the range of 230–320 MWe for the sites considered, assuming most of the land around the power plant is farmed for energy crop production. For atmospheric-pressure BIG/GTCC plants, MWopt ranges from 110 to 142 MWe. When a lower fraction of the land around a plant is used for energy farming, values for MWopt are smaller than these. In all cases, the cost of electricity is relatively insensitive to plant capacity over a wide range around MWopt.

An Expanded Cost of Electricity Model for Highly Flexible Power Plants

2012 ◽  
Vol 135 (1) ◽  
Author(s):  
S. Can Gülen ◽  
Indrajit Mazumder
Keyword(s):  
Power Generation ◽  
Power Plant ◽  
Gas Turbine ◽  
Power Plants ◽  
Combined Cycle ◽  
Plant Performance ◽  
Cost Of Electricity ◽  
Renewable Power ◽  
Effective Performance ◽  
The Impact

Cost of electricity (COE) is the most widely used metric to quantify the cost-performance trade-off involved in comparative analysis of competing electric power generation technologies. Unfortunately, the currently accepted formulation of COE is only applicable to comparisons of power plant options with the same annual electric generation (kilowatt-hours) and the same technology as defined by reliability, availability, and operability. Such a formulation does not introduce a big error into the COE analysis when the objective is simply to compare two or more base-loaded power plants of the same technology (e.g., natural gas fired gas turbine simple or combined cycle, coal fired conventional boiler steam turbine, etc.) and the same (or nearly the same) capacity. However, comparing even the same technology class power plants, especially highly flexible advanced gas turbine combined cycle units with cyclic duties, comprising a high number of daily starts and stops in addition to emissions-compliant low-load operation to accommodate the intermittent and uncertain load regimes of renewable power generation (mainly wind and solar) requires a significant overhaul of the basic COE formula. This paper develops an expanded COE formulation by incorporating crucial power plant operability and maintainability characteristics such as reliability, unrecoverable degradation, and maintenance factors as well as emissions into the mix. The core impact of duty cycle on the plant performance is handled via effective output and efficiency utilizing basic performance correction curves. The impact of plant start and load ramps on the effective performance parameters is included. Differences in reliability and total annual energy generation are handled via energy and capacity replacement terms. The resulting expanded formula, while rigorous in development and content, is still simple enough for most feasibility study type of applications. Sample calculations clearly reveal that inclusion (or omission) of one or more of these factors in the COE evaluation, however, can dramatically swing the answer from one extreme to the other in some cases.

Large Combined Cycles for Utilities

1970 ◽  
Author(s):  
F. W. L. Hubert ◽  
H. J. Meima ◽  
A. R. J. Timmermans
Keyword(s):  
Power Plant ◽  
Electric Power ◽  
Gas Turbine ◽  
Rapid Development ◽  
Combined Cycle ◽  
Economic Factors ◽  
Fuel Cost ◽  
Site Location ◽  
Combined Cycles ◽  
Plant Efficiency

Together with rapid development of the gas turbine technology a number of combined cycle arrangements have been proposed in literature. Characteristics of such installations are different from those of the installations normally used for similar application. The purpose of this paper is to determine how these characteristics compare in the case of a large utility power plant for a Municipal Electric Power Authority in the Netherlands. Factors as plant efficiency, fuel cost, investment and capital interest may differ from case to case and have to be reconsidered taking into account site location and economic factors.

scholarly journals Exergy-Based Analysis and Optimization of an Integrated Solar Combined-Cycle Power Plant

Entropy ◽  
2020 ◽  
Vol 22 (6) ◽  
pp. 655
Author(s):  
Louay Elmorsy ◽  
Tatiana Morosuk ◽  
George Tsatsaronis
Keyword(s):  
Power Plant ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Weighted Average ◽  
Combined Cycle ◽  
Levelized Cost Of Electricity ◽  
Combined Cycle Power Plant ◽  
Cost Of Electricity ◽  
Specific Investment ◽  
Levelized Cost

The transition towards higher shares of electricity generation from renewable energy sources is shown to be significantly slower in developing countries with low-cost fossil fuel resources. Integrating conventional power plants with concentrated solar power may facilitate the transition towards a more sustainable power production. In this paper, a novel natural gas-fired integrated solar combined-cycle power plant was proposed, evaluated, and optimized with exergy-based methods. The proposed system utilizes the advantages of combined-cycle power plants, direct steam generation, and linear Fresnel collectors to provide 475 MW baseload power in Aswan, Egypt. The proposed system is found to reach exergetic efficiencies of 50.7% and 58.1% for day and night operations, respectively. In economic analysis, a weighted average levelized cost of electricity of 40.0 $/MWh based on the number of day and night operation hours is identified. In exergoeconomic analysis, the costs of thermodynamic inefficiencies were identified and compared to the component cost rates. Different measures for component cost reduction and performance enhancement were identified and applied. Using iterative exergoeconomic optimization, the levelized cost of electricity is reduced to a weighted average of 39.2 $/MWh and a specific investment cost of 1088 $/kW. Finally, the proposed system is found to be competitive with existing integrated solar combined-cycle plants, while allowing a significantly higher solar share of 17% of the installed capacity.

scholarly journals Economic Scales for First-Generation Biomass-Gasifier/Gas Turbine Combined Cycles Fueled From Energy Plantations

1996 ◽  
Author(s):  
Eric D. Larson ◽  
Christopher I. Marrison
Keyword(s):  
Power Plant ◽  
Gas Turbine ◽  
Atmospheric Pressure ◽  
Crop Production ◽  
First Generation ◽  
Combined Cycle ◽  
Energy Crop ◽  
Cost Of Electricity ◽  
Wide Range ◽  
The Cost

This paper assesses the scales at which commercial, first-generation biomass integrated-gasifier/gas turbine combined cycle (BIG/GTCC) technology are likely to be most economic when fueled by plantation-derived biomass. First-generation BIG/GTCC systems are likely to be commercially offered by vendors beginning around 2000 and will be based on either pressurized or atmospheric-pressure gasification. Both plant configurations are considered here, with estimates of capital and operating costs drawn from published and other sources. Prospective costs of a farm-grown energy crop (switchgrass) delivered to a power plant are developed with the aid of a geographic information system (GIS) for agricultural regions in the North Central and Southeast US in the year 2000 and 2020. A simplified approach is applied to estimate the cost of delivering chipped eucalyptus from an existing plantation in Northeast Brazil. The “optimum” capacity (MWopt), defined as that which yields the minimum calculated cost of electricity (COEm), varies by geographic region due to differences in delivered biomass costs. With pressurized BIG/GTCC plants, MWopt is in the range of 230–320 MWs for the sites considered, assuming most of the land around the power plant is farmed for energy crop production. For atmospheric-pressure BIG/GTCC plants, MWopt ranges from 110 to 142 MWe. When a lower fraction of the land around a plant is used for energy farming, values for MWopt are smaller than these. In all cases, the cost of electricity is relatively insensitive to plant capacity over a wide range around MWopt.

An Expanded Cost of Electricity Model for Highly Flexible Power Plants

2012 ◽  
Author(s):  
S. Can Gülen ◽  
Indrajit Mazumder
Keyword(s):  
Power Generation ◽  
Power Plant ◽  
Gas Turbine ◽  
Power Plants ◽  
Combined Cycle ◽  
Plant Performance ◽  
Cost Of Electricity ◽  
Renewable Power ◽  
Effective Performance ◽  
The Impact

Cost of electricity (COE) is the most widely used metric to quantify the cost-performance trade-off involved in comparative analysis of competing electric power generation technologies. Unfortunately, the currently accepted formulation of COE is only applicable to comparisons of power plant options with the same annual electric generation (kilowatt-hours) and same technology as defined by reliability, availability and operability. Such a formulation does not introduce a big error into the COE analysis when the objective is simply to compare two or more baseloaded power plants of the same technology (e.g., natural gas fired gas turbine simple or combined cycle, coal fired conventional boiler steam turbine, etc.) and the same (or nearly the same) capacity. However, comparing even the same technology class power plants, especially highly flexible advanced gas turbine combined cycle units with cyclic duties, comprising a high number of daily starts and stops in addition to emissions-compliant low-load operation to accommodate the intermittent and uncertain load regimes of renewable power generation (mainly wind and solar) requires a significant overhaul of the basic COE formula. This paper develops an expanded COE formulation by incorporating crucial power plant operability and maintainability characteristics such as reliability, unrecoverable degradation, and maintenance factors as well as emissions into the mix. The core impact of duty cycle on the plant performance is handled via effective output and efficiency utilizing basic performance correction curves. The impact of plant start and load ramps on the effective performance parameters is included. Differences in reliability and total annual energy generation are handled via energy and capacity replacement terms. The resulting expanded formula, while rigorous in development and content, is still simple enough for most feasibility study type of applications. Sample calculations clearly reveal that inclusion (or omission) of one or more of these factors in the COE evaluation, however, can dramatically swing the answer from one extreme to the other in some cases.

scholarly journals THE FEASIBILITY STUDY OF APPLICATION OF COMBINED CYCLE GAS TURBINE UNITS ON BOARD SHIPS OF THE RUSSIAN FLEET

2017 ◽  
pp. 93-99
Author(s):  
Nikolay Georgievich Rodionov ◽  
Vitaly Vladimirovich Korotkov ◽  
Evgeny Ivanovich Tomashov
Keyword(s):  
Power Plant ◽  
Gas Turbine ◽  
Feasibility Study ◽  
Combined Cycle ◽  
Gas Temperature ◽  
Close Attention ◽  
Combine Cycle

The article studies the possibility of application combined-cycle gas turbine plants (CCGT) in the Russian Navy. A review of numerous publications allows to infer that the essential increase of ship power plant (SPP) efficiency (10-15%) can be reached by using combine-cycle gas turbine plants. It should be noted that the greatest effect on CCGT performance makes the level of technological sophistication of gas-turbine units (GTU), in particular, the gas temperature achieved before the turbine. The possibility of creating marine CCGT in Russia is being explored. The article contains examples of the use of GTUs on board foreign ships. Close attention is drawn to the advanced techniques used to increase CCGT efficiency. There have been presented calculations of the approved scheme of CCGT, which demonstrate the advantages of using CCGTs.

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