The influence of economic parameters on the optimal values of the design variables of a combined cycle plant

Janusz Kotowicz and Łukasz Bartela

Energy, 2010, vol. 35, issue 2, 911-919

Abstract: This paper presents the analysis of the influence of fuel price variation on the optimal values of the design variables of the steam part of a combined cycle plant. The investigated system was a power plant with a triple-pressure heat recovery steam generator and extraction-condensation steam turbine. Fourteen design variables for the steam part were identified. The variables that were optimised were the pressure levels of the working medium in the steam part of the system, and characteristic differences of temperatures in the heat recovery steam generator. Thanks to the development of an optimising programme, based on the genetic algorithms theory, it was possible to find an optimal solution. The indices of economic efficiency, in the form of the break-even price of electricity, were chosen as the objective function in the optimisations. The results of economic optimisations were compared with the results of the optimisation, where the electric efficiency was the objective function. This paper includes an analysis of the sensitivity of the economic objective function to failures in the adherence of the optimal values of decision variables. This analysis allowed the selection of variables such that a failure results in the highest increase of the break-even price of electricity.

Keywords: Combined cycle plant; Fuel price; Optimisation; Genetic algorithms (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:35:y:2010:i:2:p:911-919

DOI: 10.1016/j.energy.2009.07.014

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