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The calculations also assist governments in making decisions regarding energy policy. On average the levelized cost of electricity from utility scale solar power and onshore wind power is less than from coal and gas-fired power stations, [1]: TS-25 but this varies greatly by location. [2]: 6–65
The miles per gallon equivalent cost of an alternative fuel vehicle can be calculated by a simple formula to directly compare the MPG operating costs (rather than the energy consumption of MPGe [7]) with traditional vehicles since the cost of resources varies substantially from region to region. [5] [4] For reference, the complete equation is:
The efficiency of a plant is the percentage of the total energy content of a power plant's fuel that is converted into electricity. The remaining energy is usually lost to the environment as heat unless it is used for district heating. Rating efficiency is complicated by the fact that there are two different ways to measure the fuel energy ...
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In areas with a shortage of base-load and load following power plant capacity or with low fuel costs, a gas turbine powerplant may regularly operate most hours of the day. A large single-cycle gas turbine typically produces 100 to 400 megawatts of electric power and has 35–40% thermodynamic efficiency. [7]
Nameplate capacity, also known as the rated capacity, nominal capacity, installed capacity, maximum effect or gross capacity, [1] is the intended full-load sustained output of a facility such as a power station, [2] [3] electric generator, a chemical plant, [4] fuel plant, mine, [5] metal refinery, [6] and many others.
The net capacity factor is the unitless ratio of actual electrical energy output over a given period of time to the theoretical maximum electrical energy output over that period. [1] The theoretical maximum energy output of a given installation is defined as that due to its continuous operation at full nameplate capacity over the relevant period.
The energy efficiency of a fuel cell is generally between 40 and 60%; however, if waste heat is captured in a cogeneration scheme, efficiencies of up to 85% can be obtained. [24] World average fossil fuel electricity generation power plant as of 2008 [25] Chemical to electrical Gross output 39%, Net output 33% Electricity storage: Lithium-ion ...
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