AutoSave DOFF V5 Home Insert Draw Design Layout G- X Arial Paste BIU ab SOS324_PS3_Conventional Electricity Q-life References Mailings Review View Table Design Layout Tell me Share Comments 11 v A A Aa | AaBbCcDdEe AaBbCcDdEe AaBbCcDd AaBbCcDdEe AaBb( A LA E Normal No Spacing Heading 1 Heading 2 Title Styles Pane Dictate Sensitivity TIUDICIII I. LUVCHIZGU QUSE OF LICCHICILY (20 PUNTS] Page 1 of 8 2225 words English (United States) Questions 1-7: Read the information below and then answer the questions that follow. Put 28 pts your final answer in BOLD and UNDERLINED font. In this problem, you are going to do basic LCOE calculations for two power plants: a wind farm and a natural gas combined cycle power plant. This is a simplified version of LCOE as it considers only the major types of cost parameters (installation costs, fixed O&M, variable O&M, fuel and tax credits) and does not factor in any discounting for future costs. Formulas are provided for this problem, but I want you to know where we get the input parameters. Go to Table 1 in the U.S. Energy Information Administration (EIA)'s report Capital Cost Estimates for Utility Scale Electricity Generating Plants. Find these two power plants: Natural Gas, Advanced Natural Gas Combined Cycle (ANGCC) Onshore Wind For those two types of power plants, take note of the following parameters: Nominal Capacity (MW) (note: this is the power plant's output when running at max capacity) Overnight Capital Cost - ($/kW) (note: this means the investment or installation costs per kW of capacity) Fixed O&M Cost ($/kw/y) (note: this means dollar per kilowatt of capacity per year) Variable O&M Cost ($/MWh) (note: this means dollar per megawatt-hour of electricity) Heat Rate (Btu/kWh) (note: this is the amount of primary energy, natural gas for ANGCC, needed to produce a kWh of electricity, there is no heat rate for wind) In addition, assume the following power plant characteristics: Natural gas power plants: capacity factor' of 85% and a lifetime of 30 years Wind farms: capacity factor of 40% and a lifetime of 20 years and the following policy: Wind is eligible for a federal subsidy (technically a production tax credit) of $23/MWh for the first 10 years of its lifetime. Now let's start number crunching! As you know from class, the overall function of LCOE is: Focus + 121%