Wednesday, June 22, 2011

Newer Ways to Determine Value

A More Accurate Way to Calculate the Cost of Electricity :: POWER Magazine :: Page 1 of 2

"The expected increased use of CC plants in the future will place a premium on units that can be heavily cycled and quickly started. By adding these effects to the familiar COE equation, we get a new formulation that can be easily used to perform screening studies to determine the value of a plant more comprehensively.
In most applications, significant life-cycle cost savings are possible for plants that can operate at part load with improved efficiency or that can start and reach baseload faster than conventional plants. Now you have a screening tool to estimate the value of those operational improvements."
­— S. Can G├╝len, PhD, PE (can.gulen@ge.com) is a principal engineer with GE Energy.

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