Exergoeconomic Evaluation of a Modern Ultra-Supercritical Power Plant

Ligang Wang, Yongping Yang, Changqing Dong, Zhiping Yang, Gang Xu and Lingnan Wu
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Ligang Wang: School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China
Yongping Yang: School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China
Changqing Dong: School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China
Zhiping Yang: School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China
Gang Xu: School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China
Lingnan Wu: School of Energy, Power and Mechanical Engineering, North China Electric Power University, Beinong Road 2, Beijing 102206, China

Energies, 2012, vol. 5, issue 9, 1-17

Abstract: In this paper, the exergoeconomic analysis was conducted to an existing ultra-supercritical coal-fired power plant in China to understand the cost-formation process, to evaluate the economic performance of each component and to find possible solutions for more cost-effective designs. The total revenue requirement (TRR) and the specific exergy costing (SPECO) methods were applied for economic analysis and exergy costing, respectively. Quantitative balances of exergy and exergetic costs as well as necessary auxiliary equations for both individual component and the overall system were established. The results show that the exergoeconomic factors of the furnace and heat exchangers at low temperature levels, including air preheater and low-pressure feedwater preheaters, are rather small; while those of other components are relatively large. Moving more heat absorption into furnace to use the effective radiation heat transfer, increasing the air preheating temperature and adding more low pressure feedwater preheaters can be promising solutions for future design.

Keywords: ultra-supercritical power plant; economic analysis; exergoeconomic evaluation; cost-effective design (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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