Consider the following information regarding power plants. There are six types of power plants we have the option to build. Their characteristics are given in the table below 2. Emission Permits Capital Cost Heat Rate Non-Fuel O&M Fuel Cost SAunit 3,910 10,000 $ Coal Natural Gas Combined Cycle S Natural Gas Turbine Diesel Internal Combustion 0.0045S 0.0075 S 0.0285 S 0.0875S 0.3850 S 0.0250 S 0.0090 S 0.0150 S 0.0295 5.00 35.00 3.25 3.25 900 S 900 S ton 1,320 1,100 10,200 S 0 16,000 S 75.00 S/bbl Conversion Variable Cost SkWh Fuel Cost Factor MMBtu) Units mmbtulb mmbtuitorn 457.530 20.000 1.037 1.037 5.825 Natural Gas Combined Cycle Diesel Internal Combustion mmbtu/bb a. b. c. Fill in the missing fields in the above table. Find the minimum capacity factors at which each plant will be constructed. Give a graphical explanation for the full cost (fixed plus variable costs) ordering of these facilities, and demonstrate how this is related to the supply stack for this region. d. Draw a typical load schedule for electricity demand. Which generating plants will be used to satisfy the e. Now, assume there is a tax policy proposal to discourage the construction of coal power plants. What "cost f. Now consider there is a desire to provide wind power to the grid. The cost of construction is $1,800/kw different levels of demand depicted in your load curve? of carbon" (in $/kWh) would be needed to do this? What is this in S/ton? Discuss. with Non-Fuel O&M of S0.0225/kWh. There are no emissions associated with wind generation and there is no fuel requirement. The expected annual load factor for wind is 30%. Is construction of wind generation capacity commercially viable? Does your answer to part f change if there is a subsidy that provides an energy credit of $35/MWh for renewables? Discuss and expound on the implications for natural gas. Does the fact that wind is a non- dispatchable resource matter? How would electricity storage change your answer? g. Consider the following information regarding power plants. There are six types of power plants we have the option to build. Their characteristics are given in the table below 2. Emission Permits Capital Cost Heat Rate Non-Fuel O&M Fuel Cost SAunit 3,910 10,000 $ Coal Natural Gas Combined Cycle S Natural Gas Turbine Diesel Internal Combustion 0.0045S 0.0075 S 0.0285 S 0.0875S 0.3850 S 0.0250 S 0.0090 S 0.0150 S 0.0295 5.00 35.00 3.25 3.25 900 S 900 S ton 1,320 1,100 10,200 S 0 16,000 S 75.00 S/bbl Conversion Variable Cost SkWh Fuel Cost Factor MMBtu) Units mmbtulb mmbtuitorn 457.530 20.000 1.037 1.037 5.825 Natural Gas Combined Cycle Diesel Internal Combustion mmbtu/bb a. b. c. Fill in the missing fields in the above table. Find the minimum capacity factors at which each plant will be constructed. Give a graphical explanation for the full cost (fixed plus variable costs) ordering of these facilities, and demonstrate how this is related to the supply stack for this region. d. Draw a typical load schedule for electricity demand. Which generating plants will be used to satisfy the e. Now, assume there is a tax policy proposal to discourage the construction of coal power plants. What "cost f. Now consider there is a desire to provide wind power to the grid. The cost of construction is $1,800/kw different levels of demand depicted in your load curve? of carbon" (in $/kWh) would be needed to do this? What is this in S/ton? Discuss. with Non-Fuel O&M of S0.0225/kWh. There are no emissions associated with wind generation and there is no fuel requirement. The expected annual load factor for wind is 30%. Is construction of wind generation capacity commercially viable? Does your answer to part f change if there is a subsidy that provides an energy credit of $35/MWh for renewables? Discuss and expound on the implications for natural gas. Does the fact that wind is a non- dispatchable resource matter? How would electricity storage change your answer? g