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The cost of energy analysis and energy planning for emerging, fossil fuel power plants based on the climate change scenarios

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  • Park, Kyungtae
  • Shin, Dongil
  • Yoon, En Sup

Abstract

This paper studies the cost of energy (COE) for several emerging, fossil fuel power plants such as an integrated gasification combined cycle (IGCC) power plant, a natural gas combined cycle (NGCC) power plant, and a pulverized coal (PC) power plant under three different scenarios defined by the International Energy Agency (IEA). In order to compare the COE for each power plant more realistically, the concept of the 20-year levelized cost of energy (LCOE) was used. Since previous LCOE analyses did not consider the changes in fuel price and CO2 prices, the reliability of previous LCOE results is not good enough to be acceptable for future energy planning. In this study, modified LCOEs, which consider the changes in fuel and CO2 prices with respect to the different scenarios were suggested in order to increase the reliability of the economic comparisons of emerging, fossil power plants. In addition, energy planning was done in order to present the applicability of the proposed calculation method for the COE.

Suggested Citation

  • Park, Kyungtae & Shin, Dongil & Yoon, En Sup, 2011. "The cost of energy analysis and energy planning for emerging, fossil fuel power plants based on the climate change scenarios," Energy, Elsevier, vol. 36(5), pages 3606-3612.
    • Handle: RePEc:eee:energy:v:36:y:2011:i:5:p:3606-3612
    DOI: 10.1016/j.energy.2011.03.080
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    Cited by:

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    2. Zhu, Y. & Li, Y.P. & Huang, G.H. & Fan, Y.R. & Nie, S., 2015. "A dynamic model to optimize municipal electric power systems by considering carbon emission trading under uncertainty," Energy, Elsevier, vol. 88(C), pages 636-649.
    3. Zhou, Kaile & Yang, Shanlin & Shen, Chao & Ding, Shuai & Sun, Chaoping, 2015. "Energy conservation and emission reduction of China’s electric power industry," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 10-19.
    4. Miguel Pérez de Arce and Enzo Sauma, 2016. "Comparison of Incentive Policies for Renewable Energy in an Oligopolistic Market with Price-Responsive Demand," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    5. Kästel, Peter & Gilroy-Scott, Bryce, 2015. "Economics of pooling small local electricity prosumers—LCOE & self-consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 718-729.
    6. Delgado, Montserrat Rodriguez & Arean, Carlos Otero, 2011. "Carbon monoxide, dinitrogen and carbon dioxide adsorption on zeolite H-Beta: IR spectroscopic and thermodynamic studies," Energy, Elsevier, vol. 36(8), pages 5286-5291.
    7. Zhang, Jianyun & Zhou, Zhe & Ma, Linwei & Li, Zheng & Ni, Weidou, 2013. "Efficiency of wet feed IGCC (integrated gasification combined cycle) systems with coal–water slurry preheating vaporization technology," Energy, Elsevier, vol. 51(C), pages 137-145.

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