CASE STUDY: RENEWABLE ENERGY SOURCES FOR ELECTRICITY GENERATION You developed an interest in the LEC...

CASE STUDY:

RENEWABLE ENERGY SOURCES FOR ELECTRICITY GENERATION

You developed an interest in the LEC relation and the publicized cost of electricity of 10.27¢/kWh for this year. You wonder if the addition of 60 MW of wind-sourced electricity will make any difference in the LEC value for this next year. You did learn the following:

This is year t = 11 for LEC computation purposes

n = 25 years

i = 5% per year

E11 = 5.052 billion kWh

LEC last year was 10.22 ¢/kWh (last year’s breakeven cost to customers)

From these sketchy data, can you determine the value of unknowns in the LEC relation for this year? Is it possible to determine if the wind farm addition of 60 MW makes any difference in the electricity rate charged to customers? If not, what additional information is necessary to determine the LEC with the wind source included?

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

CASE study Electricity Generation Case study 8.1: Electricity generation Electricity Generation Here and now Distributed power...

CASE study Electricity Generation Case study 8.1: Electricity generation Electricity Generation Here and now Distributed power generation will end the long-distancetyranny of the grid. For decades, control over energy has been deemed too important to be left to the markets. Politicians and officials have been dazzled by the economies of scale promised by ever bigger power plants, constructed a long way from consumers. They have put up with the low efficiency of those plants, and the environmental harm they do,...

List at least 2 different sources of renewable energy. For each of these renewable energy sources that...

List at least 2 different sources of renewable energy. For each of these renewable energy sources that you listed, explain at least one positive aspect of it and one negative aspect of it.

What are the advantages and the disadvantages of the following Renewable Energy sources? Solar energy Biomass...

What are the advantages and the disadvantages of the following Renewable Energy sources? Solar energy Biomass energy Wind power Hydropower Ocean energy Geothermal energy

Energy can never be unlimited source. Types are energies sources are renewable and non-renewable. The best...

Energy can never be unlimited source. Types are energies sources are renewable and non-renewable. The best sustainable solution is to use a more responsible, socio-economic and environment friendly mix of renewable and non-renewable sources of energies. Renewable sources of energy: Solar, Water, Wind, Wood and Geothermal Non-renewable sources of energy: Coal, Oil, Natural Gas and Nuclear Question: Describe how the energy could be sustained economically, socially and environmentally in a project or region. You can choose any one of energy...

Name two sources of renewable energy that you know and one way of harvesting and storing...

Name two sources of renewable energy that you know and one way of harvesting and storing energy from one of them. Make a sketch of the process and label the components that will be involved .

Name two sources of renewable energy that you know and one way of harvesting and storing...

Name two sources of renewable energy that you know and one way of harvesting and storing energy from one of them. Make a sketch of the process and label the components that will be involved .

Name two sources of renewable energy that you know and one way of harvesting and storing...

Name two sources of renewable energy that you know and one way of harvesting and storing energy from one of them. Make your own sketch of the process and label the components that will be involved .

Name two sources of renewable energy that you know and one way of harvesting and storing...

Name two sources of renewable energy that you know and one way of harvesting and storing energy from one of them. Make a sketch of the process and label the components that will be involved

A new renewable energy generation system has a life-time of 10 years. It is assumed that...

A new renewable energy generation system has a life-time of 10 years. It is assumed that the salvage value of the system at the end of the 10 years' life-time is negligible. The initial (Present time) investment of the system costs 50,000 HK$. The manufacturer agrees to maintain the system every year over the 10 years' life-time with a uniform annual maintenance fee of 1000 HK$/year. At the end of the 5th year, a key component should be replaced, which...

A new renewable energy generation system has a life-time of 10 years. It is assumed that...

A new renewable energy generation system has a life-time of 10 years. It is assumed that the salvage value of the system at the end of the 10 years' life-time is negligible. The initial (Present time) investment of the system costs $50,000. The manufacturer agrees to maintain the system every year over the 10 years' life-time with a uniform annual maintenance fee of $1000/year. At the end of the 5th year, a key component should be replaced, which will cost...

Subjects