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The capacity credit can be much lower than the capacity factor (CF): in a not very probable scenario, if the riskiest time for the power system is after sunset, the capacity credit for solar power without coupled energy storage is zero regardless of its CF [3] (under this scenario all existing conventional power plants would have to be retained after the solar installation is added).
The availability of a power plant varies greatly depending on the type of fuel, the design of the plant and how the plant is operated. Everything else being equal, plants that are run less frequently have higher availability factors because they require less maintenance and because more inspections and maintenance can be scheduled during idle time.
Forced outage rate (FOR or FOAR) of a power station unit is the probability that the unit will not be available for service when required.. FOR is defined as the number of hours the unit is on forced outage over the total number of hours in a year (which is the sum of hours the power station is available for service and hours the power station is in forced outage).
A plant can also have its output curtailed or intentionally left idle because the electricity is not needed or because the price of electricity is too low to make production economical. This accounts for most of the unused capacity of peaking power plants and load following power plants. Peaking plants may operate for only a few hours per year ...
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
In real systems the cost per MWh usually is not constant, and the lines of the dispatch curve are therefore not horizontal (typically the marginal cost of power increases with the dispatch level, although for the combined cycle power plants there are multiple cost curves depending on the mode of operation, so the power-cost relationship is not ...
Full Load hour is a measure of the degree of utilisation of a technical system. [1] [2] [3] Full load hours refer to the time for which a plant would have to be operated at nominal power in order to convert the same amount of electrical work as the plant has actually converted within a defined period of time, during which breaks in operation or partial load operation can also occur.