The Cost of Electricity

Description

The Cost of Electricity is an essential tool for any researcher or practitioner seeking to establish the economic and environmental cost of power generation, and thereby to analyse the economic feasibility of power systems. Chapters cover capital cost, fuel cost, levelised cost, subsidies and tariffs, lifetime emission analysis, net energy analysis, traditional generation costs and renewable generation costs. The work is based on published analyses of generation costs and generation cost predictions from trusted organisations such as the US Energy Information Administration and the IEA. Chapters proceed in a logical manner through cost factors before concluding with the current and future cost of electricity generation. Front-Matter_2021_The-Cost-of-Electricity The Cost of Electricity Copyright_2021_The-Cost-of-Electricity Copyright Chapter-1---The-cost-of-electricity--an-overview_2021_The-Cost-of-Electricit 1. The cost of electricity, an overview The lifetime of a power plant The main factors contributing to the cost of electricity Network factors Environmental and structural factors The cost of electricity Chapter-2---The-power-generating-technologies_2021_The-Cost-of-Electricity 2. The power generating technologies Coal-fired power generation Gas-fired power generation Piston engine–based power generation Hydropower Nuclear power Solar power Wind energy Biomass power generation Geothermal energy Others types of generating technology: marine power, power from waste and fuel cells Energy storage Chapter-3---Electricity-networks_2021_The-Cost-of-Electricity 3. Electricity networks The traditional grid structure Deregulation and grid privatisation Electricity prices, electricity supply contracts and the spot market Wholesale and retail cost of electricity Distributed generation The smart grid Microgrids Electric vehicles Supergrids Chapter-4---Fuel-costs_2021_The-Cost-of-Electricity 4. Fuel costs Combustion fuels Oil Natural gas Coal Biomass Hydrogen Nuclear fuel Chapter-5---The-capital-cost-of-a-power-plant_2021_The-Cost-of-Electricity 5. The capital cost of a power plant Project finance Power plant capacity factors Capital costs Coal plant capital costs Natural gas–fired power plant costs Nuclear power plant costs Fuel cell power plants The capital cost of hydropower Biomass power plant costs Geothermal power plant costs The capital cost of wind power Solar power capital costs Chapter-6---Lifecycle-analyses-for-fuels-and-power-gen_2021_The-Cost-of-Elec 6. Lifecycle analyses for fuels and power generation technologies Boundary conditions Lifecycle energy analyses Energy payback ratio Energy return on investment Lifecycle greenhouse gas emissions Chapter-7---Structural-issues_2021_The-Cost-of-Electricity 7. Structural issues Peak power Intermittency Smart grid technologies Spinning reserve and system stability Hydrogen Chapter-8---Distorting-factors--subsidies--externali_2021_The-Cost-of-Electr 8. Distorting factors: subsidies, externalities and taxes Subsidies Externalities Taxes Chapter-9---The-cost-of-electricity_2021_The-Cost-of-Electricity 9. The cost of electricity Levelized Cost of energy model Electricity generating costs Coal-fired power plants Natural gas–fired combined cycle plants Open cycle gas turbine plants Nuclear power plants Onshore wind power plants Solar photovoltaic power plants Solar thermal power plants Geothermal power plants Other generating technologies Index_2021_The-Cost-of-Electricity Index A B C D E F G H I L M N O P R S T U V W