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Load Requirements vs Resources

Load Requirements vs Resources. Energy Infrastructure Conference January 23-25, 2002 Ken Bekman. What is the Levelized Cost for a Simple Cycle Gas Turbine. E-Acumen commissioned by ISO-NE Report issued on December 10 Assumed Capital Cost of $413/Kw Considered low based on CEE experience

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Load Requirements vs Resources

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  1. Load Requirements vs Resources Energy Infrastructure Conference January 23-25, 2002 Ken Bekman

  2. What is the Levelized Cost for a Simple Cycle Gas Turbine • E-Acumen commissioned by ISO-NE • Report issued on December 10 • Assumed Capital Cost of $413/Kw • Considered low based on CEE experience • Results in levelized margin requirement of $74/Kw-yr (not including fuel)

  3. Analysis of Top 500 Hours 1999 thru 2001 • Assumptions • All energy requirements filled by Peakers • Peakers have no other source of revenue • All peaking energy suppliers share in revenue equally

  4. Analysis of Top 500 Hours 1999 thru 2001 • Calculation Method • Integrated Hourly Energy Requirement for top 500 Hours (Delivered Energy) • Calculated Delta between Peak Load and Load at 500th Hour in MWs. (Capacity Requirement) • Applied the following Equation • $/MWHr = Capacity Requirement*$74,000 Delivered Energy

  5. Analysis of Top 500 Hours all 1999 thru 2001 • Results - Remarkably Consistent • 1999 $528/MWHr + Fuel • 2000 $538/MWHr + Fuel • 2001 $532/MWHr + Fuel

  6. Analysis of Incremental Energy Requirement for 2001 • Methodology Similar to Top 500 Hrs • Only Looked at Incremental Energy Requirement above 1999 Peak • $2350/MWHr + Fuel required to support Incremental Peaker

  7. What Does It All Mean • Cost of New Peaker is relatively low • $700/KW for Base load combined cycle • $500/KW for Peaking Unit • Capacity Factor Very Poor • Very high revenue requirement per hour of operation • Capped energy prices and lack of viable I’Cap market may make revenue unattainable

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