3.6) Using the representative capital costs of power plant and fuels given in Table 3.3, compute the cost of electricity from the following power plants. For each, assume a fixed charge rate of 0.14/yr.

a. Pulverized coal steam plant with capacity factor CF = 0.7.

b. Advanced coal steam plant with CF = 0.8.

c. Oil/gas steam plant with CF = 0.5.

d. Combined cycle gas plant with CF = 0.5.

e. Gas-fired combustion turbine with CF = 0.2.

f. SIGT gas turbine with CF = 0.4.

g. New hydroelectric plant with CF = 0.6.

h. Wind turbine costing $800/kW, CF = 0.37, O&M = 0.60/kWh

If someone could explain this to me that would be great, Thank you

TABLE 3.3 Example Cost Parameters for Power Plants Capital Cost ($/kW) Heat Fuel Variable Rate Cost O&M (Btu/kWh) ($/million Btu) (/kWh) Technology Fuel Coal Coal Oil/Gas 1400 1600 900 Pulverized coal steam Advanced coal steam Oil/gas steam Combined cycle Combustion turbine STIG gas turbine New hydroelectric 9,700 8,800 9,500 7,700 11,400 9,100 600 Natural gas Natural gas Natural gas 1.50 1.50 4.60 4.50 4.50 4.50 0.00 0.43 0.43 0.52 0.37 0.62 0.50 0.30 400 600 1900 Water Source: Based on data from Petchers (2002) and UCS (1992)