Electric Power Plant Cost Comparison
Posted by Max Dunn Wed, 25 Feb 2009 00:43:00 GMT
While looking for the external costs of coal, I ran into a great table that shows how much it costs to build and run various types of electric power plants.
It is interesting to note that while a convention coal plant costs much less to build than a solar thermal plant, the coal plant costs more to maintain so over 30 years, the total costs would be equal.
Table 1: Specification of electric power technologies used in GMM model. All costs are given in $(1998). The progress ratio (pr) is the rate at which the cost declines each time the cumulative production doubles. The data presented in the table comes from various sources: IIASA MESSAGE model database, literature reviews. Characteristics of technologies with CO2 removal are adopted from [8].
(Reference: Internalisation of external cost in the power generation sector)
What is the cost for generation, gas turbine combined cycle, for 200 to 500 megawatts?
The cost must be in nominal rates….