A geographically resolved method to estimate levelized power plant costs with environmental externalities

Rhodes, Joshua D.; King, Carey W.; Gülen, Gürcan; Olmstead, Sheila M.; Dyer, James S.; Hebner, Robert E.; Beach, Fred C.; Edgar, Thomas F.; Webber, Michael E.

doi:10.1016/j.enpol.2016.12.025

Cited by 42 publications

(30 citation statements)

References 21 publications

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“…Subsequently, estimations of the photo current (IL), the diode reverse saturation current (I0), the series resistance (Rs), the shunt resistance (Rsh), and the modified diode ideality factor (nNsVth), also described in [4], were obtained after initializing the five-parameter model [20] with the details from the PV manufacturers datasheet and the aforementioned Epoa, Tc, and Tm calculations.…”

Section: Energy Outputmentioning

confidence: 99%

“…To calculate the unit cost of energy, the most established approach is to refer to the levelized cost of energy (LCOE) [15,18] or the total annual economic cost (TAEC) [15,19]. By adding environmental externalities [20], the cost of energy may differ and favor renewables compared to energy from fossil fuels. In this study, we evaluate the cost of the PV-BAT system and undertake a risk analysis.…”

Section: Introductionmentioning

confidence: 99%

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A Techno-Economic Analysis of a PV-Battery System in Greece

2019

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A techno-economic assessment has been carried out to evaluate the economic feasibility of energy self-consumption from a combination of photovoltaics and lead-acid batteries (PV-BAT). The Total annual economic cost (TAEC) and the cost per unit of energy were first calculated, from PV-BAT data collected over a 12 month period and then from energy system model data for the same period. A comparison of the actual renewable energy yield to optimal model output revealed that energy was restrained partially due to limited storage resources. The cost per kilowatt-hour for the two examined scenarios ranged from 0.55 to 0.62 €/kWh and from 0.42 to 0.46 €/kWh, respectively, showing room for further cost reductions. Despite currently lower energy purchasing costs from electricity providers, these findings constitute a significant price indication of the kilowatt-hour produced by PV-BAT, showing the need for further investigation into battery sizing can be optimized and battery cost can be reduced.

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Section: Energy Outputmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A Techno-Economic Analysis of a PV-Battery System in Greece

2019

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“…The cost of wind and solar generation has also declined significantly due to technological improvements 17 and there is little to suggest that these price trends will change considerably in the future. To illustrate the challenges to the current U.S. market for coal, Figure 2 maps counties according to the resource that would produce the lowest levelized cost of electricity (LCOE) in the construction of new power plants based on a set of assumptions available in Rhodes et al 18 . This map shows that even with a zero social cost of carbon, coal is not economically competitive for electricity applications anywhere in the country.…”

Section: Background: the Decline Of The Us Coal Industry And Econommentioning

confidence: 99%

Adaptation, culture, and the energy transition in American coal country

Carley

Evans

Konisky

2018

Energy Research & Social Science

137

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The U.S. coal industry has experienced economic decline over the past several decades, which has resulted in a loss of mining jobs and severe economic hardship in many coal communities. Recent efforts to relax environmental regulations are ostensibly intended to help relieve this hardship and to revitalize this industry. Based on evidence gathered from focus groups and interviews conducted in U.S. coal communities, we argue that coal communities that have experienced mine closures have already begun an economic and social transition, one that is based on reshaping their culture and sense of identity, and false promises to return coal jobs can be destructive to the progress that has been made.

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“…Wind and solar power can feasibly produce a large share of domestic generation and in doing so provide major air quality and climate benefits [1][2][3][4] . Previous studies have investigated renewable energy present-day benefits or benefits accrued over a limited historical time period at a national or multi-regional level [5][6][7][8][9] and have focused on single regions [10][11][12] . The scope and approach to representing both the impact of wind and solar generation on incumbent resources and to assessing the emission benefits and in some cases the monetary value of these benefits varies widely across these studies.…”

mentioning

confidence: 99%