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    Lecture1 Introduction Part6

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    dfere

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    Lecture1 Introduction Part6

    Uploaded by

    dfere
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    13 views3 pages

    Lecture1 Introduction Part6

    Uploaded by

    dfere

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    © All Rights Reserved
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    You are on page 1of 3

    Generation Sources in Texas 2014

    Biomass
    0.18%

    Solar
    0.09%
    Coal
    Wind 36.1%
    Other 10.7%
    0.01%

    Nuclear
    11.6%
    Gas
    5.3%

    Gas-CC
    35.9%
    Hydro
    0.07%
    Energy Economics
    • Electric generating technologies involve a
    tradeoff between fixed costs (primarily capital
    costs to build them) and operating costs:
    – Nuclear, wind, and solar high fixed costs, but low
    operating costs,
    – Natural gas has low fixed costs but relatively high
    operating costs (dependent upon fuel prices)
    – Coal in between (although recent low natural gas
    prices has meant that some coal plants have higher
    operating costs than some natural gas).
    • Total average costs depend on fixed costs,
    operating costs, and capacity factor (ratio of
    average power production to capacity).
    17
    Ball park operating Costs
    Nuclear: $10/MWh
    Coal: $40/MWh (some coal considerably lower)
    Wind: couple $/MWh (maintenance and operating)
    Hydro: few $/MWh (maintenance and operating)
    Solar: $0/MWh
    Natural Gas:
    cost in $/MWh is 7 to 20 times fuel cost in $/MBtu;
    for example, with $8/MBtu gas, cost is $56/MWh to
    $160/MWh; with $5/Mbtu gas, cost is $35/MWh to
    $100/MWh.

    Note, to get price in cents/kWh take price in $/MWh and


    divide by 10.
    18

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