Levelized Cost of Energy – sample calculation results

October 16th, 2009 8 Comments   Posted in levelized cost of energy

Levelized Cost of Energy – sample calculation results

Please refer to the first article for the calculation formulas (US NREL and RP MTO) and the second article for the sample input data used in the calculation of levelized cost of energy and electricity (rated capacity, overnight cost, fixed and variable O&M cost, fuel cost, efficiency, capacity factor, station use, taxes, economic life, etc.).

Levelized Cost by Technology Group (using RP MTO Formula)

The levelized cost for each technology of given rated capacity is given for the RP MTO formula (with taxes and depreciation).

Please revisit this link for the US NREL and RP MTO formulas for levelized cost of energy:

http://energytechnologyexpert.com/cost-of-power-generation/how-to-calculate-the-levelized-cost-of-power-or-energy/ More »

Sample data for calculating the levelized cost of energy and electricity


Your favorite energy technology expert presents sample data for calculating the levelized cost of energy and electricity which could be applied on the NREL formula or implemented in a detailed project finance model.

The input data are summarized below. More »

How to calculate the levelized cost of energy – some updates

How to Calculate the Levelized Cost of Energy and Electricity – some updates and developments

The author is re-issuing this article in view of the tremendous interest worldwide on this article.  A number of readers have in fact ordered my technology articles, specifically on the cost of power generation technology (a spreadsheet containing the technology, rated capacity, overnight cost $/kW, capacity factor % of rated capacity, fixed O&M $/kW/year, variable O&M $/kWh, energy conversion efficiency % of fuel energy, fuel cost $/GJ, economic life years, construction lead time years, reliability % of operating hours, availability % of calendar days, and levelized cost $/kWh).

Using the NREL formula and a detailed project finance model, I was able to demonstrate that the results would be the same in calculating the levelized cost of energy or electricity.  The reader is adviced to email me if they would like to get a copy of the spreadsheet showing the two calculations.

With the passage of the Philippine Renewable Energy Act of 2009 (RE Law) and its implementing rules and regulations (IRR), it is imperative that financial models for renewable energy projects be revised accordingly.  This author and our group of experts would assist project proponents and investors in the Philippines develop an updated financial model for evaluating their RE project proposals for endorsement by the Department of Energy (DOE) and for the approval of their feed-in tariffs with the Energy Regulatory Commission (ERC). More »

How to Calculate the Cost Impact of Nuclear Power Addition to the Energy Mix – a Philippine estimate

How to Calculate the Cost Impact of Nuclear Power Addition to the Energy Mix – a Philippine estimate

This is the 4th sequel to the 1st blog on “How to Calculate the Levelized Cost of Energy – a simplified approach”.

Using sample data and reasonable assumptions, I’ve calculated the potential reduction in the weighted average levelized cost of electricity in the energy mix of the Philippines should the mothballed 620 MW Bataan Nuclear Power Plant (BNPP) be revived and allowed to operate again after being in preservation mode since the early 1990’s. More »

Cómo calcular el coste levelized de energía y de electricidad – muestree los datos y los cálculos

How to calculate the levelized cost of energy and electricity – sample data and calculations

As promised in my last blog “How to Calculate the Levelized Cost of Energy – a simplified approach”, I am sharing sample data, assumptions and calculations to provide our readers with greater understanding.

The author, your favorite Energy Technology Expert – Mr. Marcial T. Ocampo , has indeed invested tremendous time and resources to bring this blog to the world and the Philippines.

Should the reader/user find the materials, topics, technology briefs, energy data and formulas very useful and would like to continue receiving such useful information, Marcial would like to request the benefited reader to donate or sponsor the continued updating of this blog.

Please keep in touch with Marcial using the contact information at the end of this blog. There is no fixed amount. Marcial would leave it to the good reader the amount of donation he would like to contribute.

Alternatively, you could order the specific topics of interest and use PayPal to effect the payment. Delivery via email will follow for the ordered technology topic.

You could also retain me as consultant in your energy and business development projects and when bidding for NPC/PSALM power plants for sale in the Philippines. Our select group (technology expert, power plant expert, financial modeling expert and legal expert) will conduct a legal and technical due diligence of the power plant for sale, prepare the technical, economic and financial inputs to a detailed project finance model for estimating the value of the power plant. In this way, you will enhance the chance of your company winning the bid and start operating your own power plant in the Philippines. More »

Cost of Power Generation Technologies

The file (129 KB) will cover the following topics:

Type of power plant, Commercial Capacity, Overnight Capital Cost, Fixed O&M ($/kW/yr), Variable O&M (cents/kWh), Thermal Efficiency or Plant Heat Rate, Availability Factor, Load Factor, Construction Lead Time, Economic Life, Fuel Cost ($/GJ), Levelized Cost of Electricity ($/kWh).

Power Generation Technologies:

  • Oil – Gas Thermal
  • Reciprocating / Piston Engine
  • Small or High-Speed
  • Medium Speed
  • Large or Slow Speed
  • Combined Cycle – Waste Heat Boiler
  • Natural Gas – Simple GT
  • Aero-Derivative GT
  • With Recuperation
  • Humid Air Turbine (HAT)
  • Cascaded Humid Air Turbine (CHAT)
  • Heavy Frame GT
  • Natural Gas – Combined Cycle GT
  • Coal – Pulverized
  • Atmospheric CFB
  • Pressurized FBC
  • IGCC
  • Direct Coal-Fired Combined Cycle (DCCC)
  • Super critical & Ultra-Super critical Coal Comb.
  • Geothermal
  • Dry Steam (Vapor)
  • Flashed Steam (Single, Double)
  • Binary Cycle
  • Petrothermal (Hot Dry Rock)
  • Geothermal Preheat
  • Fossil Superheat
  • Nuclear Fission
  • Boiling Water Reactor (BWR), advanced
  • Pressurized Water Reactor (PWR)
  • Pressurized Heavy Water Reactor (PHWR)
  • Advanced Gas-Cooled Reactor (AGR)
  • Candu Reactor
  • High Temp. Gas-Cooled Reactor (HTGR)
  • Gas Turbine Modular Helium Reactor (GT-MHR)
  • Breeder Reactors
  • Nuclear Fusion
  • Hydro
  • Large
  • Pelton Turbine – 50-6,000 ft head
  • Francis Turbine – 10-2,000 ft head
  • Propeller Turbine – 10 – 300 ft head
  • Kaplan Turbine
  • Small / Mini
  • Micro
  • Pumped Hydro
  • Wind
  • Solar PV
  • Crystalline silicon
  • Thin film – Amorphous Silicon
  • Thin film – Indium Diselenide
  • Flat Plate
  • High Efficiency Multi Junction – IHCPV
  • Solar Thermal
  • Trough
  • Tower
  • Dish
  • Salt Pond (power + water)
  • Biomass
  • Direct Combustion
  • Co-firing with Coal
  • Biomass Gasification (BIGCC)
  • Municipal Waste
  • Pyrolysis
  • Landfill Gas (40 – 60% CH4)
  • Anaerobic Digestion (65% CH4)
  • Sewage Digestion
  • Fuel Cells
  • Alkaline (AFC)
  • Phosphoric Acid (PAFC)
  • Proton Exchange Membrane (PEM)
  • Direct Methanol
  • Molten Carbonate (MCFC)
  • Solid Oxide-GT (SOFC)
  • Solid Oxide-GT (SOFC-GT)
  • Energy Storage:
  • Compressed Air Energy Storage (CAES) – Huntorf
  • Large CAES
  • Small CAES
  • Above Ground CAES
  • Flywheel Systems
  • Utility Scale Batteries (USB)
  • Lead acid
  • Advanced
  • Stored Hydrogen
  • Superconduction Magnetic Energy Storage (SMES)
  • Ultracapacitors
  • Ocean Thermal
  • Claude (open cycle)
  • Controlled Flash Evaporation (open)
  • Anderson (closed cycle)
  • Ocean Wave
  • Oscillating Water Column (OWC)
  • Hydraulic Accumulator
  • High Level Reservoir
  • Float or Pitching Devices
  • Wave Surge or Focusing (“tapchan”)
  • Pendulor
  • Tidal Power
  • Single Pool
  • Modulated Single Pool w/ Pumped Hydro
  • Two Pool

Price: 30 USD