Better cogen economic analysis
Using annual average plant output and energy and capacity prices may lead to overestimates of cogeneration project gross profit margins. The hourly plant performance and revenue models described here provide a more accurate estimate of cogeneration plant annual gross profit margin. In addition, ''what if'' studies can be performed to determine the impact of various forced, scheduled and utility curtailment outage scenarios, the standard power purchase contracts, energy and capacity prices, and plant operating modes. Although the models were developed specifically for a refinery cogeneration project in the PG and E service territory, the same principles would apply for other projects in other utility service territories.
- Research Organization:
- Toscogen, Inc., Santa Monica, California
- OSTI ID:
- 5352076
- Journal Information:
- Hydrocarbon Process.; (United States), Journal Name: Hydrocarbon Process.; (United States) Vol. 65:7; ISSN HYPRA
- Country of Publication:
- United States
- Language:
- English
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COGENERATION
CONTRACTS
DEUS
ECONOMIC ANALYSIS
ECONOMICS
ELECTRIC UTILITIES
ENERGY SYSTEMS
HOURLY VARIATIONS
INDUSTRIAL PLANTS
MATHEMATICAL MODELS
OPERATION
OUTAGES
PERFORMANCE
PETROLEUM REFINERIES
POWER GENERATION
PRICES
PROFITS
PUBLIC UTILITIES
STEAM GENERATION
VARIATIONS