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A More Accurate Way to Calculate the Cost of Electricity

Introduction

Life-cycle cost of ownership is a common metric used to compare power plant system alternatives. However, the familiar formula for calculating the cost of generating electricity omits factors that are becoming increasingly important to business decisions. A new formula addresses those blind spots by estimating the value of the part-load performance of cycling combined-cycle plants.

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A More Accurate Way to Calculate the Cost of Electricity

Author

S. Can Gülen   

Published

Power Magazine
June 2013