Power Generation from Coal, Oil, Gas, and Biofuels
Arash Farnoosh
Abstract
Abstract This chapter provides an introduction to the economics of electricity generation based on four different energy sources: coal, oil, natural gas, and biofuel. It covers the various technologies of power production and their key economics characteristics including CAPEX, OPEX, dispatchability, flexibility, location, and expected service life. The formula and calculations are provided for further analysis of power generation projects in view of optimizing the choice of technology. Some conclusions are drawn from comparative analysis of coal-, oil-, gas-, and biofuel-fired power generation units.
Topics & Concepts
Electricity generationFlexibility (engineering)CoalBiofuelNatural gasFossil fuelElectricityEngineeringProcess engineeringWaste managementEnvironmental sciencePower (physics)Environmental economicsEconomicsElectrical engineeringManagementQuantum mechanicsPhysicsHybrid Renewable Energy SystemsPhotovoltaic Systems and SustainabilityGlobal Energy and Sustainability Research