Power Generation from Coal, Oil, Gas, and Biofuels

Arash Farnoosh ()
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Arash Farnoosh: IFPEN, IFP School

Chapter Chapter 6 in The Palgrave Handbook of International Energy Economics, 2022, pp 111-130 from Springer

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.

Keywords: Thermal Power Plant; Fossil Fuel; Total Cost; Economic Analysis; Coal power plants; Gas power plants; Electricity generation (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-030-86884-0_6

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