Hi all,
I am now working in the evaluation of an innovative renewable energy generation system. For the evaluation of economic aspects I was planning to use the LCOE, levelized cost of energy, and I have some doubts/questions about it.
In particular, I am not sure how I can incorporate in the usual definition, the one that can be found in Wikipedia (https://en.wikipedia.org/wiki/Levelized_cost_of_energy) and normally found in article, terms corresponding to
- Selling excess that cannot used or stored in site. I believe I can add a negative term, Si, to the costs sum, but not sure.
- Residual value at the end of the life cycle. I think I can add a negative term, RV/(1+r)^n, where r is the interest rate and n the useful life time to the numerator. This term arises from the fact that at the end of the life time some materials, in particular, metals, have a value for recycling.
- Disposal cost, I believe I can add a term DC/(1+r)^n, as in certain systems it is necessary to spend some money to be able to properly dispose some of system.
I have some doubts that I am thinking right or not. Thus, can someone give their opinion or reference that help me on issues I am having.
Regards,
António Martins
https://www.energy.gov/sites/prod/files/2015/08/f25/LCOE.pdf
Cory, K, and Schwabe, P. Wind Levelized Cost of Energy: A Comparison of Technical and Financing Input Variables. United States: N. p., 2009. Web. doi:10.2172/966296.
Thanks for your inputs. I will check them, maybe they have the information I need.
- Badges
- Science topic
- Similar topics
- Correction